Following the significant losses I incurred in trading, I developed a simple and effective strategy that I wish to share with the community. This approach might not suit everyone, but it has worked for me. Your feedback and suggestions for improvement are welcome!
My method in 7 key points:
1️⃣ Limiting exposure time
I limit my active presence in the markets to a maximum of 2 hours per day. During this time, I monitor my target cryptos and execute my trades.
2️⃣ Contrarian buying strategy
I focus on the cryptos that are in the top of the largest daily declines, selecting only established projects with a solid reputation in the ecosystem.
3️⃣ Portfolio diversification
I never put all my funds into a single asset. Diversifying across multiple cryptos helps cushion potential losses on one position, offset by gains on others.
4️⃣ Patience and recovery
Once my positions are taken, I patiently wait for the technical rebound. This approach has sometimes allowed me to achieve gains of up to 10%.
5️⃣ Profit-taking without regret
I secure my gains without torturing myself if the price continues to rise after my sale. The goal is profitability, not perfection.
6️⃣ Stress management
This method has freed me from constant pressure and overthinking. After my 2 hours of active trading, I completely disconnect. I occasionally return to check the prices and interact with the community.
7️⃣ Long-term holdings
I have built a reserve of certain cryptos funded solely by the profits generated from this strategy. My intuition particularly drives me toward $OG , as well as positions on $BNB and $SOL .
This strategy is not financial advice, but simply my personal experience. DYOR as always! 💡
