Trading Strategies. A thread.

As a trader the importance of coming up with your own trading strategy that is unique to you cannot be overemphasized. Indeed, I never started making real profits until I found a strategy that worked for me.
No one can find it for you, so don’t

bother. This is because so many things go into consideration. Your temperament, your emotions, your portfolio, your patience, your ability to stay put on loss days (these are non-negotiable, the come with the territory) and so on.

I want to talk about my own strategy, so that

while trying to develop yours you don’t have to stop trading.

Mine is quite simplistic though.

I first of all use only 5% of my capital per trade, this means I divide my entire portfolio into 20 equal parts and can take 20 different trades with it.
Let’s say I buy and

hypothetical coin, $EMD, at $1.2. I might have bought $10 worth of $EMD at that price or $750 dollar worth. I fix my SL at $1.05 and my targets are $1.4, $1.7 and $2.0. The next thing I do is HODL that coin patiently being confident in my own analysis of the trade. In fact, 90%

of the time, if my trade goes the other way and hits my SL, it’s because it is an altcoin and BTC volatility affected it. Knowing this, my trade is still valid. So, I re-enter the trade still knowing that the trend never reversed.
Most likely though, the trade doesn’t hit SL but

goes as expected to meet first target, $1.4. Now, I don’t sell at that measly 16.7% profit. No, not me. I just move my SL from the initial 1.05 and put it at my buy price, 1.2. This way, I’ve ensured that no matter how badly things want to go, the worst that happens is that

I break-even, no profit, no loss.

When the price of $EMD reached $1.7, I’m happy. I’m 41.67% in profits. But do I sell? No. I just move my SL from 1.2 to 1.4, which used to be my first target. I have successfully locked in 16.7% profits for myself without having to close the

trade at all.
The price of $EMD then reaches my final target, $2.0. With 66.7% profits, time to sell? No! I move SL to $1.7. Locked in 41.67% instead.
Now what? All targets are done. I keep the trade open because we’re going to the moon. Sooner or later, $EMD reaches a price

high of $2.4 or above, here I’m over 100% in profits, doubled my initial capital. Now I sell. But do I sell all? No. That would be incredibly short sighted. $EMD can still do so much more. I sell 50% of all the $EMD I ever bought at $2.4 or above, thus, removing the dollar amount

I had used to place the trade in the first place and I leave the rest of $EMD to run in profits. I stop trailing SL at this point.

By the way, if at any point before 2x, BTC volatility causes my trailing SLs to get hit, I just re-enter the trade.

Who knows, maybe one day,

I might wake up and see $EMD at $12? The fact that I didn’t sell it all would have me at 1000% in profits. And if in year or two, $EMD gets big investors and reaches $120? I leave the imagination to you.

Why do I sell 50% at 2x though? Why not leave it all? Well, it’s part of my

risk-management strategy. Selling 50% means I’ve recovered my capital and realized some profits. It means I can enter a new trade with the freshly available liquidity. It means if the market suddenly crashes, I don’t lose capital, only profits. Because, believe it or not,

unrealized profit is no profit.

So, with my initial capital, I could take 20 trades. One of my trades gave 100% ROI, I sold half and now I can take 21 trades. In the long run, I expect 100% from all my trades some faster than others. As they return double, new trades with as

much potential are being entered with the same level of expectation.

This is how I grow my portfolio.

Find a strategy that works for you.

While you're here, you can join my free crypto signals channel here: https://t.me/gemcitycrypto