building @offmarket @perl | alum South Park Commons | previously cofounder SBLY.com, eng at Stripe | peter-kim.com

Hey Peter I’m kinda new to trading and recently I’ve been finding it difficult a bit 
How do you decide when to take profit or cut your losses

keep a trading journal

write down your thesis of why you decided to buy a coin and when you want to start trimming

when price goes up, stick to what you wrote down and start trimming

when price goes down, revisit your thesis and see if anything changed before cutting losses

it's harder to do this when blindly copy trading or apeing into things because you have no conviction of why you're buying

Thank you so much for this man ❤️
I’d start doing this going forward tbh, hopefully when alfaca launches officially too it helps me ape into some good coins

Well this is some of the most sane advice you will find in the space. Appreciate it. 👊

Not that you asked but this helped me a ton a couple of years ago when I went nuts on Pokemon so can confirm it works!