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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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Midnight Marauder Ⓜ️
@midnightmarauder.eth
Very similar to yours, I’ve learned how to take profits and be happy with it even if it continues to run. Timing the top and bottom are almost impossible and you will drive yourself crazy trying to catch them. Free moon bags are probably the safest way. If it goes up 30 percent and you feel uncertain, sell the principal and hold the 30 percent. Easiest hodl around
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