My trading strategy is active survival.
I've consciously ditched waiting in favor of quick reactions.
If something goes wrong, you need to bail immediately. Better to focus on preserving capital instead of futile hopes for a reversal.
Secondly, don’t try to guess price movements; pay attention to the current state of the market. If there's something interesting, you need to act right away.
I've also turned my back on the hold culture - holding until the bitter end. The key is not to hold onto losing positions. If you're going to hold, better stick with stablecoins like USDC.
Don't skimp on fees - because that's not a loss; it's part of the business. Usually, hesitation can lead to even greater losses. When profits come in, they'll cover everything. So, fees are just the cost of being nimble.
Active trading helps maintain control over your capital. There are no perfect entry points, but there are exit points. As soon as inflows turn into outflows - you need to bail.
The hardest part is not hitting the Sell button at the first signs of outflows, but stopping the hope for a reversal.
Flexibility is the best way to survive.
#TradingStrategies💼💰
I've consciously ditched waiting in favor of quick reactions.
If something goes wrong, you need to bail immediately. Better to focus on preserving capital instead of futile hopes for a reversal.
Secondly, don’t try to guess price movements; pay attention to the current state of the market. If there's something interesting, you need to act right away.
I've also turned my back on the hold culture - holding until the bitter end. The key is not to hold onto losing positions. If you're going to hold, better stick with stablecoins like USDC.
Don't skimp on fees - because that's not a loss; it's part of the business. Usually, hesitation can lead to even greater losses. When profits come in, they'll cover everything. So, fees are just the cost of being nimble.
Active trading helps maintain control over your capital. There are no perfect entry points, but there are exit points. As soon as inflows turn into outflows - you need to bail.
The hardest part is not hitting the Sell button at the first signs of outflows, but stopping the hope for a reversal.
Flexibility is the best way to survive.
#TradingStrategies💼💰