Read on Twitter
I rdon't care about flexing on Twitter.
I'm not here for that.
But I do want to share a short thread of my profitability strategy that some of you may find helpful.
My goal is 1 or 2 home runs a year.
Last year was a 2x on #COMP and #OXT.
This year was a big win on #UNI
I'm not here for that.
But I do want to share a short thread of my profitability strategy that some of you may find helpful.
My goal is 1 or 2 home runs a year.
Last year was a 2x on #COMP and #OXT.
This year was a big win on #UNI
I don't keep large amounts on exchanges. I keep HODL bags on cold wallets and only move funds into a spot exchange when I have a home run hitter or when I want to DCA my HODLs
You see guys like @RookieXBT absolutely slaying it over and over
That's not me. I have a wife and kid
You see guys like @RookieXBT absolutely slaying it over and over
That's not me. I have a wife and kid
My goal is to sustain profitability in this market.
By doing so, I keep my risk very small in the long run.
Whether it be hacks, exchange exit scams, dumb gambling degenerative moments, etc. I don't have much risk out there to let myself put a large dent in my net worth.
By doing so, I keep my risk very small in the long run.
Whether it be hacks, exchange exit scams, dumb gambling degenerative moments, etc. I don't have much risk out there to let myself put a large dent in my net worth.
I've found out that going big on one or two spot trades a year when conditions are perfect, is a reasonable way to make a good paycheck and avoid giving back major profits when the market conditions turn sour.
Now to leverage trading.
I've blown my share of small accounts.
Now to leverage trading.
I've blown my share of small accounts.
But what I haven't done is blow a large account
My large account I trade 5x max leverage and I only take 2-3 trades a month on there
Everything else is 5-10k accounts with high leverage and tight risk management.
This avoids large liquidations and I withdraw profit regularly
My large account I trade 5x max leverage and I only take 2-3 trades a month on there
Everything else is 5-10k accounts with high leverage and tight risk management.
This avoids large liquidations and I withdraw profit regularly
I prefer not to swing trade crypto. 24/7 market is a lot to monitor and I enjoy time with wife/friends
Because of this, I've become very good at low time frame trading and I'm perfectly happy stacking $200-$1500 profits a day. Which most days I'm profitable if I don't over trade
Because of this, I've become very good at low time frame trading and I'm perfectly happy stacking $200-$1500 profits a day. Which most days I'm profitable if I don't over trade
Profits add up over days/weeks and some days I have big days, like yesterday(I did over $10k shorting BTC)
I have rules I try to follow and I don't trade on weekends/afternoons because PA isn't as clean.
80% of the time if I'm unprofitable it's due to not following my rules
I have rules I try to follow and I don't trade on weekends/afternoons because PA isn't as clean.
80% of the time if I'm unprofitable it's due to not following my rules
I do however swing trade stocks. And I'm having my best month ever.
My stock account is up over 100%. I would've been happy with that in the whole year.
Instead of going bigger. I'm derisking. Not entering any new trades. And will withdraw profits after my trades close.
My stock account is up over 100%. I would've been happy with that in the whole year.
Instead of going bigger. I'm derisking. Not entering any new trades. And will withdraw profits after my trades close.
My stock account will be back to original amount which will guarantee I can't lose money because I'll be playing with house money. (I frequently use this strategy on my leverage trading accounts too. And in casinos lol).
In summary my strategy is:
-1 or 2 home runs a year to make a salary
-Supplement income with trading and regularly withdrawing profit
-Multiple income streams incase markets are poor and I enjoy being an entrepreneur and building businesses and wealth
- Invest excess capital
-1 or 2 home runs a year to make a salary
-Supplement income with trading and regularly withdrawing profit
-Multiple income streams incase markets are poor and I enjoy being an entrepreneur and building businesses and wealth
- Invest excess capital
Yes, daily leverage trading I use small size
But I'm not out here blowing 90% of my $200,000 accounts like many people have done
I'm making a consistent profit working for myself from home and making much more money than I ever thought possible.
My goal is to educate, not flex
But I'm not out here blowing 90% of my $200,000 accounts like many people have done
I'm making a consistent profit working for myself from home and making much more money than I ever thought possible.
My goal is to educate, not flex
Here's platforms I use for trading. https://twitter.com/nebraskangooner/status/1350524493459025923?s=19
https://twitter.com/nebraskangooner/status/1350524493459025923?s=19
