A lot of people have long-term HODL positions but how to actually play those really many ask?
Unless you plan to take them to your grave I will try to give you a few tips on how to do so.
THREAD.
Unless you plan to take them to your grave I will try to give you a few tips on how to do so.
THREAD.
A lot of people say HODL but then they end up HODLing a coin(s) for 1000% gains only to see it go -98% later on and spend another 3-4 years HODLing through it.
That leads into:
- Huge opportunity cost
- Very stressful times
- Selling the bottom
That leads into:
- Huge opportunity cost
- Very stressful times
- Selling the bottom
While HODLing is a great thing, you still need to play it right and that is done by buying in at HTF areas.
I'm personally using these:
- Monthly, Weekly supports
- Passive DCA on -50 to -90% retraces
- New listings of promising projects
I'm personally using these:
- Monthly, Weekly supports
- Passive DCA on -50 to -90% retraces
- New listings of promising projects
After you get in then you can truly HODL. It gives you time to concentrate on other things and live your life normally.
When u do so, you cannot stress some -20 to -50% drops along the way and you need to be mentally prepared for that beforehand.
When u do so, you cannot stress some -20 to -50% drops along the way and you need to be mentally prepared for that beforehand.
Now that's settled we need to look at the main reason we actually HODL and that is to make a profit 👀
Yet many never actually sell. And if you never sell you never truly make a profit. It's just a "paper" profit
Something to think about: "Even HODL positions can be compounded"
Yet many never actually sell. And if you never sell you never truly make a profit. It's just a "paper" profit
Something to think about: "Even HODL positions can be compounded"
When I buy into a HODL position I usually set a plan straight away and I stick to it.
That can be something so simple as each 100% the price makes, you sell 10, 15, or 20% of the position.
Or you can wait more and sell 30% of your position after the price does 300% move.
That can be something so simple as each 100% the price makes, you sell 10, 15, or 20% of the position.
Or you can wait more and sell 30% of your position after the price does 300% move.
The important thing to realize and to do is to set a plan and to realize profits.
What "math" you gonna use is essentially not that important but create some.
All in all, it's really just "take early profits" just on a macro HTF level of 100-1000%
What "math" you gonna use is essentially not that important but create some.
All in all, it's really just "take early profits" just on a macro HTF level of 100-1000%
After you truly do the hard thing that nobody does (cause they are greedy b1tches) and sell, you then go and use the same strategy you got in just on a different project (Duh).
Or u wait for this project to do that correction instead of "HODLing" through it.
Or u wait for this project to do that correction instead of "HODLing" through it.
If u actually apply these concepts you will eventually:
Make more money through compounding ✅
Have a less stressful life ✅
Look like a genius to others ✅
Hope you have found this thread helpful, if you did please consider liking & retweeting. Thank you.
Make more money through compounding ✅
Have a less stressful life ✅
Look like a genius to others ✅
Hope you have found this thread helpful, if you did please consider liking & retweeting. Thank you.
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