Knowing how to rotate positions is one thing; knowing when to take profits is another.
Trader Ansem looked back at his trading history over the years: the money he made from altcoins in 2017 was almost entirely given back, so after round after round, he had little to show for it. From 2020 to 2021, he rotated back and forth between SOL and AVAX, rolling the profits from each closed trade into his next position. That’s when his account started to grow.
Rotation captures trend profits; taking profits protects you from drawdowns. Finding hot trends only solves the entry problem. Whether your account can grow comes down to whether you put both your principal and your profits into the next position after closing each trade.
In this market cycle, have you already trimmed your SOL and AVAX positions, or are you still holding everything and waiting for new highs?
$SOL $AVAX $BTC
#SOL #AVAX
Trader Ansem looked back at his trading history over the years: the money he made from altcoins in 2017 was almost entirely given back, so after round after round, he had little to show for it. From 2020 to 2021, he rotated back and forth between SOL and AVAX, rolling the profits from each closed trade into his next position. That’s when his account started to grow.
Rotation captures trend profits; taking profits protects you from drawdowns. Finding hot trends only solves the entry problem. Whether your account can grow comes down to whether you put both your principal and your profits into the next position after closing each trade.
In this market cycle, have you already trimmed your SOL and AVAX positions, or are you still holding everything and waiting for new highs?
$SOL $AVAX $BTC
#SOL #AVAX