Savvy Trader Nets $2 Million Profit with Ether (ETH) Swing Trades in Just 15 Days
A smrt trdr hs rportdly md stggring $2 million profit in just 15 dys through sris of highly clcultd Ethereum (ETH) swing trds. According to blockchin nlytics pltform Lookonchin, th trdr, idntifid by th ddrss 0x..3c71, xcutd six flwlss trds tht rsultd in n imprssiv 100% win rt.
Th trding ctivity bgn on Sptmbr 2 whn th trdr hld 4,821 ETH. Ovr th cours of 15 dys, th trdrs prcis timing in buying nd slling Ether nbld him to grow his holdings to 5,690 ETH. This succss highlights th trdrs bility to cpitliz on short-trm pric movmnts, strtgy tht significntly boostd his holdings.
Ether Gains Through Buy-and-Hold Strategy
In contrst to this fst-pcd trding strtgy, nothr trdr took diffrnt pproch, using simpl buy-nd-hold mthod tht yildd substntil rturns. On Sptmbr 16, th trdr sold 350 ETH t $2,340 pr tokn, turning n initil invstmnt of $87,006 into gin of $819,000. This invstor hd originlly cquird 16,636 ETH in 2016 t just $5.23 pr tokn on th crypto xchng ShpShift, s rportd by blockchin nlytics firm Etherscn.
Whil th swing trdr md millions in short priod, th buy-nd-hold strtgy lso pid off for this invstor. Dspit slling 350 ETH, th invstor still rtins ovr $38 million worth of Ethr, undrscoring th long-trm potntil of holding onto th cryptocurrncy.
Whil thr r storis of succss, not ll crypto trdrs r s fortunt. On Sptmbr 14, Lookonchin rvld tht crypto millionir Jms Fickl xprincd mssiv $43 million loss. Fickl, n rly Ethereum invstor nd foundr of th Amrnth Foundtion, hd plcd significnt bt xpcting Bitcoin to ris ginst Ether. Unfortuntly for Fickl, Bitcoin outprformd Ethrum, cusing him to los th bt nd significntly incrsing his dbt, which now totls $132 million.
Whil th $2 million profit from Ether swing trds showcss th potntil for significnt gins, Fickls story is rmindr of th voltility nd risks involvd in crypto trding. Evn ssond invstors cn fc hvy losss whn th mrkt dosnt lign with thir prdictions. Dspit this, trdrs lik 0x..3c71 hv shown tht with crful plnning nd prcis xcution, it is possibl to chiv substntil profits in cryptocurrncy trding.
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Read more: https://www.tronweekly.com/trader-nets-2m-profit-with-ether-swing-trades/
Text source: TronWeekly
