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Positional Trading 1/5
Invest in 5-6 projects max for a mid / long term play!
Why not just buy more of your best ideas
One of my earliest mistakes in 2016/17 was having exposure to over 20-30 alts - scattered across various exchanges.
This was a nightmare to manage drawdown
Invest in 5-6 projects max for a mid / long term play!
Why not just buy more of your best ideas
One of my earliest mistakes in 2016/17 was having exposure to over 20-30 alts - scattered across various exchanges.
This was a nightmare to manage drawdown
2/5 - Position size is important.
Invest larger amounts into your best idea's but not too much where it has a detrimental impact on your overall portfolio (risk management).
Scaling in is a better approach than a one hit wonder & puking your position.
Avoid going all in!
Invest larger amounts into your best idea's but not too much where it has a detrimental impact on your overall portfolio (risk management).
Scaling in is a better approach than a one hit wonder & puking your position.
Avoid going all in!
3/5 - Be Greedy when winning
Let your winners run - you waited months for excellent buying opportunities. Now be patient.
Take partial profits but don't exit your whole position for a 10-20% gain & watch it pull a 400% plus move unless you have compelling reason to do so.
Let your winners run - you waited months for excellent buying opportunities. Now be patient.
Take partial profits but don't exit your whole position for a 10-20% gain & watch it pull a 400% plus move unless you have compelling reason to do so.
4/5 - Adapt to a change in situation
Either add meaningfully to an existing investment or sell out. Both give you the possibility of changing the ultimate outcome. You can turn a loser into a winner. Expect to find yourself in a losing situation, have a plan to adapt.
Either add meaningfully to an existing investment or sell out. Both give you the possibility of changing the ultimate outcome. You can turn a loser into a winner. Expect to find yourself in a losing situation, have a plan to adapt.
5/5 - Liquidity is key
We all want gems, great! - but what is your exit strategy?
Assume a low cap pulls off a 10x - is their enough liquidity for you to exit on the way up.
There is nothing worse than knowing what
to do, wanting to do it, but being unable to do it.
We all want gems, great! - but what is your exit strategy?
Assume a low cap pulls off a 10x - is their enough liquidity for you to exit on the way up.
There is nothing worse than knowing what
to do, wanting to do it, but being unable to do it.
