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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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Widowmaker1320🎩✨ðŸŽ
@widowmaker1320
One of the biggest challenges is not to over react and dont over trade! I have done both. Reacting can leave you wrecked! You finally get your bags where you want them. Someone sells and you see it plummet in seconds. Chances are you sell at the bottom only to see it recover minutes later. Shit feeling but happens to the best of us! Trading to much can cause you to pay more fees and could eat away at the profits you were trying to make in the first place! Best of luck!!!
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