Become a Millionaire This Year Using This Method
See how I'm doing it safely with low risk (Updated)
Welcome to my review of TokenMetrics.com where I review my experiences with Token Metrics. I will walk you step by step on my journey through trading and investing in crypto using Token Metrics. Then you can decide if this is the right tool for you to use in your investing/trading strategy. Note, I am not a financial advisor and none of the content on this website is to be used as financial advice. Links on this site may contain my referral links.
The $10,000 to $1,000,000 Challenge (Step by Step) in Less than 1 Year
Initial Investment: $10,000
Goal by end of Challenge: $1,000,000
Time Frame: 10 to 12 months
Starting with $10,000, I am using the Token Metrics Monthly Index to invest in a handful of coins each month. At the end of the month, I sell most, if not all of the picks, and reinvest into the following months picks. You can follow along with my picks each month. My Goal is to have consistent monthly gains of 100% to 200%. So far I am right on track to meet this challenge in about 10 months. We will see if I can keep up this winning streak.
Starting amount: $10,000
Ending amount: $24,110
Month #2 - February ROI = 112% (cumulative ROI = 323%)
Starting amount: $20,000
Ending amount: $42,335
Month #3 - March ROI = 72% (Cumulative ROI = 587%)
Starting amount: $40,000
Ending amount: $68,712
Month #4 - April ROI = 24% (Cumulative ROI = 706%)
Starting amount: $65,000
Ending amount: $80,573
Month #5 - May ROI = 6% (Cumulative ROI = 747%)
Starting amount: $80,000
Ending amount: $84,699
Month #6 - June ROI = 7% (Cumulative ROI = 796%)
Starting amount: $84,000
Ending amount: $89,599
Month #7 - July ROI = 48% (Cumulative ROI = 1221%)
Starting amount: $89,000
Ending amount: $132,094
Month #8 - August ROI = 80% (Cumulative ROI = 2241%)
Starting amount: $130,000
Ending amount: $234,052
Month #9 - September ROI = 10% (Cumulative ROI = 2472%)
Starting amount: $234,000
Ending amount: $257,225
How to use the Token Metric Monthly INDICES (Step by Step)
To get started, you will need an account with Token Metrics. Log in to TokenMetrics.com to view the new month's picks.
Step 1:
From the top menu, select "DATA", then select "Indices"
Step 2:
For the Investor type, slide the button to Trader
Step 3:
Under the "Time Horizon" select "Monthly"
Step 4:
For the Low Caps option, there is the option to select low caps or not. By selecting low caps, the index will include coins less than $30M. Low Cap coins generally will have a higher risk.
Step 5:
Under the exchange, select which exchange you have access to. This will be important because not all exchanges have access to the same trading pairs/coins. Select from the following choices, All exchanges, Binance, Coinbase, Kraken, Uniswap, Kucoin.
Step 6:
Buy the tokens on the exchange of choice. You can use the exact recommended picks, or select from these choices.
Step 7: (1 month later)
Sell and take profits or cut your losses.
I normally will sell most of my holdings at the end of the month. When I see that a particular token is performing well, I will shave a bit off the top to secure some profits. You cannot go wrong with securing your profits. Don't get too greedy. If a particular token increases by 100%, that can be a good time to take some profits off the table and let the rest ride for the remaining of the month.
So far the Token Metric indices have been very good at picking winners. But there will be losers. If a particular token is in the negative, it could be a good time to review the Token Metrics Price prediction tool and fundamental and technical score specifics for the token. If it looks like the price will rebound maybe holding until the end of the month can be an option. Or it could be a good time to cut losses and preserve capital for the next month.
Step 8:
Repeat the following month. Log back in to TokenMetrics.com to view the new month's picks.
(Notes: I am reinvesting most of my gains each month. I do set aside some funds as dry powder each month, so that I can start the new month with a nice even number. For example at the end of Month 1, I had a total value of $24,110, but I only reinvested $20,000 into Month 2. This forces me to keep some of the profits on the side lines.)
How to Decide which Trading Platform to use when Trading Crypto:
To the side, of the indices, you can see the returns for each index. It is constantly being updated. At the time of writing, Binance and Uniswap's indices have the highest returns.
Things to consider:
At least once a week, it is a good idea to monitor how each token is performing. Take profits from winners and cut losses from losers. Preserving capital is key.
Study each token in the index. It is good to be familiar with each token as some of them can become long term holds/gems.
After each month, take some time to review any lessons learned. Continue what worked well and learn from any mistakes made.
Trust in the technology. Token Metrics is constantly improving as the model gets better and the data grows, the monthly indices will also improve. As a trader/investor, it is also good to grow and learn how to use all the tools available on Token Metrics.
If you want to get a feel of the Token Metrics website and not have to pay for a paid subscription, you can check out the details on how to setup a FREE account with Token Metrics here.
If you are ready to start making money and want to sign up for an account and get a 10% discount today(discount will show up at checkout), you can sign up here. The detailed list of plans can be found here.