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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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itslemon.eth 🎩
@itslemon.eth
Buy high, sell low! But really, keep a moon bag (I'm real bad at this), take profits (I'm bad at this), and don't try to chase after a bad loss (also bad at this).
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Midnight Marauder
@midnightmarauder.eth
Revenge trading was one of the hardest habits to kick. If I make 3-4 shitty trades I’m done for the day full stop
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itslemon.eth 🎩
@itslemon.eth
It's one of the easiest ways to lose money
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Midnight Marauder
@midnightmarauder.eth
No doubt, been there many times friend
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