Hello everyone, a quick post on how to handle these swings and take full advantage of the market.
Think of your strong alts. Coins such as ETH, KMD, FUN, ELF, and most of my alt coin picks here.
- Split your bankroll in two.
-What do I mean by this? Prepare to hold alts based on your plan. For example, KMD Q4 hold, FUN Q1 up till platform, ELF, sell tops at each breakout.
-Now you can start with whatever your comfortable with, and build up a trading portfolio. Think of your trading portfolio or bankroll as I like to call it, your troops ready for war. If you notice a trend on a coin, trading the news, events, swing trades, etc. It can be Anything, and is always super flexible.
2. A Trading Bankroll gives you freedom
-You can build your trading bankroll from scratch, or use it to seize opportunities. Yesterday BTC was preparing to make a move. For people who been in this market for even a couple months can tell you… we know the sentiment is “when BTC moves up alts dump”. This happens because people take profit, panic and get emotional.
-Take a look at Bitmex today.
You could of made profit on every alt as they dip down and bought bitcoins breakout at 15.2k. This an example of an Opportunity granted to you by a trading bankroll. This is just one of many. Binance and Bittrex alts are already recovering 20-30%. You find your style and trade it. I am a Margin trader so expect some content coming in the near future. If you want to give it a whirl and trade up to 100x leverage you can click on my link to get 10% less fees.
3. Flow of the Market
– Always be learning and looking to improve. A trading bankroll gets rid of all emotions, is this coin a shitcoin? Who cares because I am using my trading balance. Now if you ever get stuck or make a mistake, its good to know the coin your isn’t shit. As you can wait it out and turn your trading balance into a longer term hold.
Before every trade always ask yourself “How will this make me money”.
FOMO, Panic, and Greed, are the 3 biggest causes of loss.
I will post a guide on how find coins, icos, and solid projects for investment. The ingredients I look for is different compared to a trading bankroll.
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