The last two days have been an incredible sell-off. I can ony imagine the fear that some people who are new to crypto and investing in general faced. For some it might have felt like your face was being ripped off. Or it could have been like that night that you mixed mixed beer, Sambuca, and tequilla.
- A max drawdown from highwater mark of -28%, while still mainatining a profit of 52%.
- As of this morning, max drawdown of -23% with profit of 62%.
Some people are very comfortable with HODL. For me I used my trading rules. This allowed me to maintain profits while reducing my drawdown. It also meant that dollars are ready to buy crypto when it looks like a great oppurtunity.
It doesn't matter how you trade. There is no correct way, except to always preserve your capital. No capital, no trade. It is a simple as that. With gun-powder dry, ready to go kill some varmints.
Trading Derivatives?
Crypto Forex Trading
OpenLedger Referrer