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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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frederick
@sgniwder
I’d recommend putting your tokens in categories, such as: -long term holders (put them in a hardware wallet and forget about them) -passive income (use these in lps to earn rewards) -speculative (generally hold for very little time) develop your own plan for your tokens
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Midnight Marauder
@midnightmarauder.eth
Definitely ones you hodl and ones you take profits if you are lucky and bail. Sometimes the lp ones fit into both categories if the Apr is big enough
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