When To Sell Altcoins For MAX Profits - Full Exit Plan!
No Bs Crypto
Summary of Crypto Trading Strategy
The speaker discusses a crypto trading strategy focused on safe and profitable exits. Key points include:
- Most people lose money in crypto due to greed and poor exit strategies
- The goal is to make the most money possible while minimizing risk
- A "GGR zone" system is used, which includes green, gray, and red zones for selling
- The green zone is the safest area to sell, with the gray zone as a buffer and the red zone as the riskiest
- The strategy involves setting multiple sell levels, with the first level being 25% below the intended sell price
- The goal is to have all initial investment back, plus some profit, by the second sell level
- The strategy also involves using a trailing stop or take profit levels to maximize gains
- Single cycle compounding is discussed, where a portion of profits from one coin are invested in another coin in a different narrative
- This strategy requires experience and caution, as it can be risky if not done correctly
Key Takeaways
- Set multiple sell levels to minimize risk and maximize gains
- Use a GGR zone system to determine the best times to sell
- Consider using a trailing stop or take profit levels to maximize gains
- Be cautious when using single cycle compounding, and only invest in quality coins
- Join a community or seek guidance to fast track your knowledge and improve your trading strategy
Important Terms
- GGR zones: Green, gray, and red zones used to determine the best times to sell
- Trailing stop: A stop loss that adjusts as the price moves
- Take profit: A level at which to sell a portion of a holding to lock in profits
- Single cycle compounding: Investing a portion of profits from one coin into another coin in a different narrative
- Weighted average: The average price of a holding, taking into account multiple buy and sell prices