Profit Manager Academy
Binance and Profit Manager comparison
We compare the interface of the Binance and Profit Manager.
Both systems have a dashboard and a starting interface. In Binance you can see what and how much cryptocurrency you currently have, as well as the current exchange rates. In the side menu, you can go further. Profit Manager shows how much capital we have in the spot market, how much is invested in cryptocurrencies, and how much is in dollar-denominated fixed-rate cryptocurrencies, or stablecoin.
We can see what the Profit Manager currently tracks, and there are some cryptocurrencies that do not currently have Profit Manager capital and profit protection set.
First, let's see what cryptocurrencies we can purchase through the system! There are more than 4000 cryptocurrencies listed on the Binance exchange, 101 of them are available in Profit Manager, and we can increase the number of these at any time according to your needs.
We can see which wallets we can start trades from.
Profit Manager provides support for multiple types of purchases. We can buy on a one-time, recurring basis or even at a percentage or decrease in price, trend-follow or protect our existing cryptocurrencies.
Let's take a look at the possibility of one-time purchasing. We show the same on the Binance interface. First, you need to choose what you want to buy and from which wallet. We are going to buy BNB, from BUSD. In Profit Manager, we first have to decide which wallet we want to buy from and for how much.
In our example, for $150, we can buy several cryptocurrencies at once. Let's look at the same variation as on the Byynens interface.
We choose a market offer and buy for 150 BUSD. We then need to set up capital protection and profit protection on the Binance interface for this lot.
How can we do this?
With an OCO offer. We buy these pieces of BNB, we sell them at a price of $400, or if the price drops to $290, we sell these pieces at a limit price of $285. So we could set up a purchase in two steps. A limit bid is to realize the profit, then a stop limit order is to protect the capital.
In Profit Manager, we can do it in one step. For the purchase, we also record the sale, the capital and the profit protection. If the price drops to $290, it will automatically sell.
If the exchange rate rises from this buy level, we can follow it with a trailing stop loss with a 12% distance trail, and if it reaches the buy level, it stops following the exchange rate further with a trailing stop loss.
There is no such thing on the Binance interface.
There is a sliding stop loss, but no possibility to stop at the buy level. Furthermore, we can set an expected profit level. For both of these, we can set the level we want to sell our profits.
In this case, let BUSD, for both sell pairs. A limit offer is submitted.
The Profit Manager only realises the profit, it does not sell the capital, which means it does not close the position. The capital is worked until it is not in danger. So we give the opportunity to make a further profit while bringing our capital protection below the profit withdrawal level by 12 per cent.
We also have the option, once we reach the targeted profit level, to activate a trailing stop loss in the future. This means that we risk the percentage of our profits that we have made up to that point. This implies that if the exchange rate continues to rise to $397 and then falls back by $7, we will only realise a profit.
If the exchange rate continues to climb from this level, the system will follow the increase for a distance of $7, and will only then realise the profit if the exchange rate falls. Once the profit is realised, it will automatically adjust its capital protection below the profit withdrawal level, which will only be changed if another profit is realised.
All of this can be done in one step, even for multiple cryptocurrencies at the same time.
We see where our capital protection level is, which follows the rise in the exchange rate but does not exceed the purchase level of $331. As long as our expected profit is not realised.
Here we can see the trades. Now we had a scheduled buy, we will close the transaction. It will then be converted into the capital protection wallet in the scheme of rules. We can do this by pressing the close button. With stop tracking, we do not want to sell our investment, because then the Profit Manager will not protect our capital or future profits.
If we want to share the portfolio with friends who also have a Profit Manager account, we can do so. They can see our preferences, the current status, how much we invested and the average price at which we bought.
These details are only visible to investors. Here we have the option to either sell a position if there have been multiple recurring positions or realise accumulated profits.