Thread by @LadyofCrypto1

1/ I don't care much about this latest dump because I've been methodically taking profit on almost all my investments.

I've talked about this before in other tweets, but in this I will show you real world example with $UOS.

2/ I love $UOS, I think it is an awesome project and I believe that it is a long term gem. I want to build up a large bag of UOS by buying the dips.

When people say "buy the dip" they never explain where the money comes from. Are you meant to have an unlimited supply?

3/ Buying the dip requires you to take profit at key levels and reinvest on dips. Many say, "what if no dip?". Well in that case you can't buy back in, and you won't make as much money as you would have had you held. However, there is almost always a dip, so odds are you get one.

4/ The chart above shows sensible profit taking and reinvesting on the dip.

I got into UOS late, so I employed an aggressive profit taking strategy. If I get in early, I take a more gradual approach.

5/ In this case, I tried to secure my initial investment asap by taking half out at +50%. For example, if I invested $50k, and I was at $75k I would take $25k out, this is half of my initial $50k investment.

6/ The point here is that if $BTC crashes 90% and UOS follows, I have already made enough profit.

Last time I tweeted this, some smooth brains said "AS IF YOU PICK THE BOTTOMS PERFECT". Well I didn't, I just buy support and sell resistance.

PLAY THE LEVELS

7/ The reason I reinvested 30% of profits on the first buyback and only 10% on the second is that by the second I had taken more profit out.

This is not a knock on UOS. My ultimate goal is to buy more UOS as I believe Ultra will be a competitor to steam in coming years.

8/ Ultimately, I am a trader and I need to be able to take profit, so I can reinvest into other projects.