Today I'll share the actions I always take when farming or an airdrop were just executed:

  1. Sell, dump, convert somehow, do whatever but get rid of ALL at the first glimpse of market appearance (the moment the coin gets listed). DUMP IT HARD! JUST DO IT!
    Why: 90% of new coins do it the freefall style within the first days they are listed. The 10 % of the remaining coins which go ballistic aren't a problem for you anyway - If you've dumped all of them and they keep on going up the first day(s), you can buy them again and make profit because they will keep their bull path anyway...

  2. But for the 90% of new releases: If you don't dump them, you'll loose a lot of cash. And now the third, and most important step after being a winner with the profits of the dumping in step one anyway:

  3. Rebuy the coin one to a few days later - You have cashed in profit anyway. If you rebuy it (and now, as the price is lower, you get shitloads more of them compared to the coins you had at the first second of listing, or you buy the same amount of them (but for a lot less) and keep your profit), the risk of dropping further is near to zero, the possibility of the price to level itself higher and take off later is near to 100%. Just check the old charts and there the first days of new listings...

    EXAMPLE: Your 100 coins are worth 100USDT the first second. You sell all. 100 profit. Next day they are traded @50USDT. You buy 100 for 50 USDT. You have 50USDT + 100 coins worth 50 USDT. They usually go to 60/70% of the initial release price level within next days. Your coins are now at 70USD and you have additional 50 USDT in your pocket OR you've reinvested your profit in total (Let's call it "you used the dip in the price") and rebuy 200 coins for 100 USDT. If they go price wise ballistic back to 100USDT or more, you are the absolute winner, as you made money with the dip and with the further path of this coin. If they don't go up - You still made a little profit OR a lot less loss, while HODLers loose a lot more.

Conclusion: Don't misunderstand please. The market is wild and you won't win always - But my way proved it plenty times for me, to be the best one considering risk and profit probability (sharpe ratio) and produces the best results. Plausible and proved.

Finally i'd like to ask you to read my next articles and follow me for further insights into the coin market. Thank you

Cheers

Disclaimer: No financial advice

(Source graphics: onlymyenglish.com)


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