🌐 How not to be stuck in your position?
🌐 How not to be stuck in your position?
SIGNAL + TIMING = SUCCESS
You asked me how not to be stuck in one long-term, seemingly losing position and how not to miss opportunities.
You have to consider at least two dimensions of timing: zone and scale.
Top traders have at least three kinds of positions: base, intra-day, and long-term.
+1 So, why can't an automated system simply do it for you?
You have got your accounts, your assets, and your responsibility.
Exchanges do not allow a bot to read how much capital you have in total, nor how your investment breaks down to different assets and accounts.
Only you have got this information, and only you hold the right to manage your account.
SIGNAL + TIMING = SUCCESS
You asked me how not to be stuck in one long-term, seemingly losing position and how not to miss opportunities.
You have to consider at least two dimensions of timing: zone and scale.
- What is a zone? - The time-zone of my signals is UTC, and so, you have to translate.
- What is the scale? - The scale of my signals varies from 1-minute to 3-month, and thus, you have the following kinds of positions.
Top traders have at least three kinds of positions: base, intra-day, and long-term.
- What is your base position? - It is the base currency within which you feel most comfortable holding most of your capital, and it is usually USDT or BTC.
- What are the guidelines for intra-day and long-term positions?
- Professionals often put up to 5% of their base per intra-day position, and they rarely use more than 25% overall of their base at one moment.
- When you make a profit on an intra-day position, you put a part of it (for example, 50% of the profit) into your long-term trade, and you return the rest to the base.
- This way, you manage your risks, and both your intra-day positions and long-term position will grow.
+1 So, why can't an automated system simply do it for you?
You have got your accounts, your assets, and your responsibility.
Exchanges do not allow a bot to read how much capital you have in total, nor how your investment breaks down to different assets and accounts.
Only you have got this information, and only you hold the right to manage your account.
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