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Maretus
@maretus
With the creation of the /insider-trading channel, I’ve realized just how many people are learning to trade. So, tonight we’ll talk about trading strategies! Here are a couple that I think are important: 1) Layering out to take profit: One of my biggest challenges has been knowing when to take profit and when to hold. I tend to either sell too early and miss the majority of profit or hold too long and round trip stuff. Lately though, I have been layering out of positions and it works much better. Things are pumping? Sell 25% and re-assess. If it keeps running, keep taking some off the table. But always leave yourself a moonbag - unless you’re sure it’s all deadweight. 2) Cutting your losses. Sometimes you have to cut a position at a loss to put the money to better use. This shouldn’t be done lightly though as it’s a quick way to burn through your funds. That said, don’t be afraid to cut a loser. What about you? What trading strategies do you use most often or find the most effective?
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Athxna 🎯🐈⬛
@athxna.eth
Those are top tier strategies! I'm still working on getting my emotion under control when dealing with crypto, it's hard as shit 😂 The one strategy that I think I've gotten in my head now is to take initial + some profits & let the rest ride out. The other is, if you catch a trade going downhill where you can still pull out and put it somewhere else to recover, try that. Sometimes you can miss the boat though, and in those cases, I just hodl & hope for a miracle lol🤞🏾
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