The coins I’m paying more attention to today, $LIT
I placed a long order on a head-position (initial major position). Although I feel the shakeout might not be over yet, after such a rapid drop, an oversold rebound should at least allow me to capture a bit of profit.
Second, I had already planned to include some of these as long-term holdings, but they had risen too much and there hadn’t been a strong enough pullback, so I kept waiting without making a move. With opportunities like this, you have to take some position size, right?
After opening a head-position, it’s easier to gradually sell high and buy low. Many coins with potential are really about the timing of opening your head-position—it affects your future trading decisions and mindset.
In a bull market, my approach has always been: hold the core position for the long term, but on the short-term side I will continuously sell high and buy low to reduce the cost of my holdings, until the core position cost becomes 0. At that point I’ll keep selling high and buying low and slowly add to my zero-cost holdings, until I believe the bull market has ended, and then I’ll clear the position.
The downside of doing this is that sometimes the sell-high/buy-low positions may cause you to miss the biggest rallies. The advantage is that the core position is a psychological comfort—one you can hold without stress.
That’s why I say I’m a long-term investor, but I’m not “dead holding.” This method has pros and cons. You need some grasp of the market, and it’s something you adjust gradually based on your trading psychology and your tolerance for leverage. There’s no absolute best or worst. Everyone’s logic and trading style are different; what works for you and can be profitable over the long run is the good one.
I placed a long order on a head-position (initial major position). Although I feel the shakeout might not be over yet, after such a rapid drop, an oversold rebound should at least allow me to capture a bit of profit.
Second, I had already planned to include some of these as long-term holdings, but they had risen too much and there hadn’t been a strong enough pullback, so I kept waiting without making a move. With opportunities like this, you have to take some position size, right?
After opening a head-position, it’s easier to gradually sell high and buy low. Many coins with potential are really about the timing of opening your head-position—it affects your future trading decisions and mindset.
In a bull market, my approach has always been: hold the core position for the long term, but on the short-term side I will continuously sell high and buy low to reduce the cost of my holdings, until the core position cost becomes 0. At that point I’ll keep selling high and buying low and slowly add to my zero-cost holdings, until I believe the bull market has ended, and then I’ll clear the position.
The downside of doing this is that sometimes the sell-high/buy-low positions may cause you to miss the biggest rallies. The advantage is that the core position is a psychological comfort—one you can hold without stress.
That’s why I say I’m a long-term investor, but I’m not “dead holding.” This method has pros and cons. You need some grasp of the market, and it’s something you adjust gradually based on your trading psychology and your tolerance for leverage. There’s no absolute best or worst. Everyone’s logic and trading style are different; what works for you and can be profitable over the long run is the good one.