Thread by @LadyofCrypto1

1/ This is how I bought $SAND at 0.06 and held it till today.

I talk about scaling in and out all the time, but visualising how to do it over several months, and retraces, is hard.

Now you have a rough guide. These numbers are not precise but close enough. NFA DYOR

2/ So when people ask "what's your target"

I do not have one. I invest for the long term scale-out profit at resistance and scale in at support on dips.

For $SAND I was using psychological levels as support and resistance.

https://twitter.com/LadyofCrypto1/status/1462760111865171976

3/ Here are guides on buying dips and taking profit

https://twitter.com/LadyofCrypto1/status/1459510111165161475

https://twitter.com/LadyofCrypto1/status/1461618576616472577

4/ If I believe a project will continue to grow, targets do not make sense. It's like setting a target on $BTC when if I bought in 2011.

I am not shy about taking profits and reinvesting, but setting an arbitrary target is not my style.

5/ I scale out my initial investment at 20% at a time as it goes up. So with an entry at 0.06

0.12 - 20% out
0.18 - 20% out
0.24 - 20% out
0.30 - 20% out
0.36 - 20% out

Depending on the crypto and the outlook, I may scale-out faster than this. This was a slow scale-out.

6/ Adding this to say I still hold $SAND and I am still buying and selling the dips. My first tweet sort of made it sound like I sold SAND today. I did not, I am a long term holder.