When it comes to patient holding, American investment master Cro is also playing trends; he sometimes holds positions for 8 or 9 months, and sometimes for as long as five years. The cryptocurrency market moves quickly; when a trend emerges, you should at least hold it for a month or two!
With patience in holding comes the topic of rolling positions. What does rolling positions mean? It means adding positions with unrealized gains. After establishing a bottom position at the low point, as the market moves in the expected direction, the only way to achieve significant profits is through rolling positions.
How to seize the opportunity to roll positions? Here, I would like to borrow a phrase from 'Futures Trading Strategies': 'The pullback points in the main upward trend, when a pullback encounters support in the main upward trend, add positions in a pyramid style.' If you feel uncertain about the upward trend, each time you add a position, you should set a separate stop-loss point to ensure the safety of your base position. This way, even if there is a pullback, your principal will not be harmed. If you are right, your profits will run, and if you are wrong, using an effective strategy will not hurt your principal; you can always look for new trend trading opportunities next time.
Now that you have achieved two forms of patience, you can either exit with your capital intact to find new trend trading opportunities or consider how to take profits to achieve significant gains.
By adhering to discipline and seizing these two forms of patience, you have perfectly captured significant profits in this upward main trend.
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