"You can't sell the top, and you can't buy the bottom."
đ Key Principle: This is essential for consistent profits. Chasing 5x, 10x, or more can lead you into the dangerous game of constantly chasing the market.
đ My Strategy: Simple but effective - Dollar-Cost Averaging (DCA) and taking profits in parts to lock in gains. Let me share a few examples from my experience:
đŒ My Trades:
1. $PNUT
- Bought at: $0.33
- Sold at: $2.30
- â Exited completely with a 6x return!
2. $DOGE
- Bought at: $0.10
- đ Sold partial to take out my initial investment
- Currently holding at 4x profitđ
3. $PEPE
- Bought at: $0.000011
- đ Sold partial to secure my initial investment
- Now sitting at 2x profitđ€
đ Key Takeaways:
- DCA Wisely: I bought at different price points instead of trying to time the market perfectly. đ
- Take Profits in Parts: After recovering my initial investment, I'm trading with "house money" đŠ and locking in gains along the way.
- Avoid the Greed Trap: My strategy gave me an overall 4x profit with zero risk to my initial capitalđ°.
đš Remember: Always do your research. Don't let greed control you- it can lead to impulsive, high-risk decisions.