Thread by @Willbrandblock

I made huge gains this year on #solana, #polygon & $GALA but i always take profits & manage risk.

If you wish you took profits to buy dips on #cryptocurrency this thread will teach you how i did it.

Please Retweet & tag a friend if you found this thread useful 🧵👇

1/ PORTFOLIO - PT 1

I always aim for the following balance in my portfolio:
-Lower risk #Bitcoin = 40%
-Mid-low risk #Ethereum & #Solana = 20%
-Mid-low risk #Polygon = 5%
-High risk number of smaller #altcoins = 15%

2/ PORTFOLIO - PT 2

Some will have a riskier portfolio with larger allocations to #metaverse or #NFT plays.

BUT i will never forget that 90% of #altcoins went to zero last bull run. So i always like to layer into #bitcoin #ETH

3/ PORTFOLIO - PT 3

I am super bullish on #solana & #polygon thats why i hold bigger percentages of them too:
-#solana is a bet against #ETH if they don't sort out high fees & low speed.
-If #ETH makes it will be via #polygon IMO. They are buying up & dominating Layer2s.

4/ RISKY ALTS - PT 1

The remaining 15% of my portfolio is for smaller/riskier ALTS. I made my biggest gains this year on plays like $GALA & $SAND. However i ALWAYS de-risk & take profits along the way with these.

5/ RISKY ALTS - PT 2
IMO #metaverse & #gaming are overheated at the moment.

Eg $GALA & $SAND have about ⅓ of the marketcap of #steam with only a fraction of the userbase or revenue. I will buy more, but when they are cheaper.

6/ TAKING PROFITS - PT 1

I stillI hold decent bags of $SAND & $GALA. But i always shaved off profits & flipped into #btc #eth #solana etc

This mean i didn't get hurt too bad on recent pull backs.

7/ TAKING PROFITS - PT 2

But how did i take profits and when?

In truth it took me a long time & lot of experimenting to find the best balance.

But over the next few points i'll show you my thinking.

Overall its about balancing risk VS compounding gains.

8/ TAKING PROFITS - PT 3

I first experimented with taking out 50% profit for every 200% gain (ie x2) but:

-there was never enough left in a project to really compound & make BIG GAINS
-the $3000 total profit i might receive really wasn't worth the risk.

9/ TAKING PROFITS - PT 4

I then tried taking out 20% profit every 2x. Again problems:
-My total accumulated profits where now lower than before
-I needed a massive x32 or more to see big profits (this rarely happens).

10 - TAKING PROFITS - PT 5

I discovered my ideal ratio was taking 20% profits every 50%+ gain:

-This ensured enough was left in a project for a big compound effect.
-A 4-6x for example could still deliver a solid accumulated profit + have a decent amount left in.

11 - TAKING PROFITS - PT 6
The above ratio also gave me a greater probability of success.

Because a 4x-6x still gave healthy returns i didn't have to bet on an almost impossible x16

11 - TAKING PROFITS - PT 7

Once i take profits from a project i would then place it into a stablecoin and wait for the optimal time to DCA into #bitcoin or other blue chips.

Thread below shows the indicators i use 🧵👇

https://twitter.com/Willbrandblock/status/1470045046607077381

12 - THANKYOU

Thank you for reading.

It take me a long time to do these & if you find them useful i do really appreciate a little retweet and tagging a friend, to spread the word.

It only takes a few seconds, but keeps me motivated 😊

Thank you 🙏

13 - OTHER PEOPLE WORTH FOLLOWING:

@TechDev_52
@TheRealPlanC
@Eunicedwong
@futrii
@CryptopepperP
@blockchainedbb

14 - OTHER #CRYPTO threads

All my other threads can be found here:

https://twitter.com/Willbrandblock/status/1471186673694351360