My approach to the market has changed a lot this year. The main one being opting to hold more cash (~50%+ at all times) as opposed to fully allocating into spot. Despite what CT tells you, you don't need to be fully allocated to make big gains in the market.👇 There are a few reasons I am playing the game this way (not for everyone, but I'll elaborate on my own strategy): 1. As most rotations are a lot shorter nowadays, I prefer having high liquidity. For example, I took a big Launchcoin position the other week, and it were easy for me to make a high conviction trade due to being liquid. If I had been allocated to 90% alts, I would've had to have sold other positions (perhaps at inopportune times), to fund the trade. This is suboptimal. 2. I feel a lot more emotionally in control. One thing I've learnt about myself, is that I am a good trend spotter/have a good natural feel for the market, but bad emotionally at executing my ideas. Since being more liquid, I've found myself able to play out my theses with less mental baggage. 3. I can still catch the meat of the moves rather than trying to pre-empt a rotation before it begins. By jumping on narrative trains after the first breakout, or after seeing an increase in mindshare + higher lows on the chart, I still expose myself to the upside of a move without the mental torment of experiencing huge drawdowns waiting for a move that never comes. Yes, there is an obvious trade-off here (making a slightly smaller multiple vs people who just stack and hold), but I am comfortable with that in many cases - and often the smaller gains on the winners offset the losers you run into implementing an aggressive buy-and-hold strategy. 4. Despite the above points, I am still allocated 50% to the market. Why? Because I don't want to be sidelined entirely, especially to coins I have strong conviction will pump at some point in the cycle (i.e. AI, RWA, stablecoin + DeFi proxies). By balancing both sides of my portfolio as a barbell, I'm able to hold these positions whilst feeling protected due to my cash position. On big dips, this serves as a) a hedge against downside, and b) allows me to take advantage of dips whilst others panic (a good example of this was when BTC hit $75k during the Tariff FUD, when I publicly made my biggest BTC buy ever). Do I think this approach is optimal for all? No. You need to understand your own psychology and learn what works for you. Your strategy also depends on a variety of factors such as your edge, risk tolerance, time horizon, time, portfolio size etc. But hopefully this post serves as food for thought, and teaches you that you can still make money in this market without being 100% risk on, despite what CT makes you believe sometimes.