How much can you make from a successful cross trade ?

Hello everyone ,
How are you all ? I hope everyone is fine and doing great in their life.

In this blog i will discuss about how much can you make from a successful cross trade in blurt or steemit or any other currency. It is all based on my personal experience and I can’t guarantee you any amount of profit so in case you decide to go ahead and cross trade then make sure it is all your decision.

Well i am writing this as many have asked me about how much i make from cross trading ? To this question I would say their is no proper answer and the profit can vary based on the prices on two exchanges as well as the amount you are choosing to cross trade.

Source

Sometimes I make up to $50-100 as well and those were some great days when there was a huge price gap between the currency i was cross trading with on different exchanges. Sometimes i make as low as $5 as well and generally i make more than $10 per cross trade.

Now to make this clear that you can make $2 or $3 as well while cross trading but in my case i simply don’t take the risk for that much profit. Cross trading can bother you sometimes as withdrawal and deposit takes time sometimes and in this time gap prices changes a lot sometimes.

I once made < $1 profit cross trading a good amount of tokens and the reason is quite simple , my withdrawals were delayed. There is a option to store a same currency on two different exchanges so that you can buy on one and sell it on other and later transfer it.

But for me i run out of currency on one exchange or sometimes have different volumes of the same currency so keep in mind delays can happen in deposit and withdrawals.

In your cross trade don’t put all your money in , be it any kind of trade invest only a portion of it unless you are fully confident of yourself. Don’t be in a hurry as sometimes you can miss or write wrong memo and your cross trade will be of no use.

Don’t go for cross trades when the profit is less. less profit can be defined differently for different people for me it is $10 so if i am making somewhere around $10 then i go on and decide to cross trade.

In this case if the price fluctuates then also my $10 profit will come down to lets say $7 or $4 so i will be fine as i am not in loss. If you go with less profit cross trade then you might end up facing little loss sometimes.

So thats all for this blog , I hope people who have asked me about cross trading will not take any wrong step. Practice with less amount and when you learn and become confident jump in the game.

Thank You