I made huge gains this year on #solana https://abs.twimg.com/hashflags... draggable="false" alt="">, #polygon & $GALA but i always take profits & manage risk.

If you wish you took profits to buy dips on #cryptocurrency this thread will teach you how i did it.

Please Retweet & tag a friend if you found this thread useful https://abs.twimg.com/emoji/v2/... draggable="false" alt="🧵" title="collectie" aria-label="Emoji: collectie">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rug van hand met omlaag wijzende wijsvinger" aria-label="Emoji: Rug van hand met omlaag wijzende wijsvinger">
2/ PORTFOLIO - PT 2

Some will have a riskier portfolio with larger allocations to #metaverse or #NFT plays.

BUT i will never forget that 90% of #altcoins went to zero last bull run. So i always like to layer into #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> #ETH
4/ RISKY ALTS - PT 1

The remaining 15% of my portfolio is for smaller/riskier ALTS. I made my biggest gains this year on plays like $GALA & $SAND. However i ALWAYS de-risk & take profits along the way with these.
5/ RISKY ALTS - PT 2
IMO #metaverse & #gaming are overheated at the moment.

Eg $GALA & $SAND have about ⅓ of the marketcap of #steam with only a fraction of the userbase or revenue. I will buy more, but when they are cheaper.
7/ TAKING PROFITS - PT 2

But how did i take profits and when?

In truth it took me a long time & lot of experimenting to find the best balance.

But over the next few points i& #39;ll show you my thinking.

Overall its about balancing risk VS compounding gains.
8/ TAKING PROFITS - PT 3

I first experimented with taking out 50% profit for every 200% gain (ie x2) but:

-there was never enough left in a project to really compound & make BIG GAINS
-the $3000 total profit i might receive really wasn& #39;t worth the risk.
9/ TAKING PROFITS - PT 4

I then tried taking out 20% profit every 2x. Again problems:
-My total accumulated profits where now lower than before
-I needed a massive x32 or more to see big profits (this rarely happens).
10 - TAKING PROFITS - PT 5

I discovered my ideal ratio was taking 20% profits every 50%+ gain:

-This ensured enough was left in a project for a big compound effect.
-A 4-6x for example could still deliver a solid accumulated profit + have a decent amount left in.
11 - TAKING PROFITS - PT 6
The above ratio also gave me a greater probability of success.

Because a 4x-6x still gave healthy returns i didn& #39;t have to bet on an almost impossible x16
11 - TAKING PROFITS - PT 7

Once i take profits from a project i would then place it into a stablecoin and wait for the optimal time to DCA into #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> or other blue chips.

Thread below shows the indicators i use https://abs.twimg.com/emoji/v2/... draggable="false" alt="🧵" title="collectie" aria-label="Emoji: collectie">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rug van hand met omlaag wijzende wijsvinger" aria-label="Emoji: Rug van hand met omlaag wijzende wijsvinger"> https://twitter.com/Willbrandblock/status/1470045046607077381">https://twitter.com/Willbrand...
12 - THANKYOU

Thank you for reading.

It take me a long time to do these & if you find them useful i do really appreciate a little retweet and tagging a friend, to spread the word.

It only takes a few seconds, but keeps me motivated https://abs.twimg.com/emoji/v2/... draggable="false" alt="😊" title="Lachend gezicht met lachende ogen" aria-label="Emoji: Lachend gezicht met lachende ogen">

Thank you https://abs.twimg.com/emoji/v2/... draggable="false" alt="🙏" title="Gevouwen handen" aria-label="Emoji: Gevouwen handen">
14 - OTHER #CRYPTO threads

All my other threads can be found here: https://twitter.com/Willbrandblock/status/1471186673694351360">https://twitter.com/Willbrand...
You can follow @Willbrandblock.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

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