New Delhi Trader books a profit of $100,000
Monis Ahmad Khan a New Delhi-based entrepreneur known as ‘MAK’ an equity and crypto trader for the past 3 years.
About Cryptocurrency: A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange where an individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems.
His investment journey commenced during the year 2018 when he first invested a small amount of his savings in the cryptocurrency Ripple (XRP) and witnessed a huge amount of profit on such a small amount of investment.
Seeing this level of return through the crypto market his interest many folded into trading making him realize the potential the market held if tapped properly. This made him gain knowledge about the crypto and equity market. He started following the market and research what stocks and cryptos to invest considering their movements, trends, their valuation, and decided to pursue trading regularly.
He used the dip and hold strategy for the stocks, in which the movement of market and stock is monitored and the stock is bought when the price falls, held till the price goes up, and sold when the price is about to go down. This is the dip and holds strategy which was used by ‘Monis Ahmad Khan’ to gain a large amount of profit by repeating this same method again and again with a wide variety of stocks and crypto’s which in turn resulted out as his huge portfolio within a small period. He realized that patience, selection of correct investment, and timing are the essence if he has to be successful in trading and started to work on these skills which made him better day by day.
The growth that crypto witnessed during the pandemic is undoubtedly unparallel compared with the past and the market has expanded and achieved great heights due to the level of transparency offered by the blockchain technology leaves the minimal scope of any fraudulent or unwanted transactions caused by human or machine error or by manipulation of data and due to the rise of the technological platform providing easy and smooth trading just with the use of smartphones and the as the number of people investing in crypto went drastically up in 2020 pandemic.
‘Monis Ahmad Khan’ holds a huge portfolio of LTC, ETH, XRP, ADA, and some other cryptocurrencies. His strategic investment portfolio turned out and played so well in the pandemic that he locked his profits of $100,000 through ‘ETHEREUM’ and on other crypto currency’s.