IncomeSharks
IncomeSharks|Jun 19, 2025 21:41
I have not purchased Bitcoin or shared a public entry to buy since October 24th of 2024 even though I remain bullish and expect higher targets. Everyone has different strategies and what has worked best for me long term is to be early on entries and early on exits. I enjoy playing the first half and taking a break at half time. Others enjoy the excitement of the second half trying to time the final buzzer. In my experience you decrease a lot of risk being early but can achieve the same amount of rewards if you are intentional with position sizes. Being early means more risk at the start but less as time passes. For example, the Bitcoin move from 1k to 50k was a 50x. $20k invested would be worth a million. The move from 50k to 100k is a 2x requiring a million dollar investment with more risk for the same returns. If Bitcoin went to zero after 1k it was only a 20k loss. If Bitcoin topped at 50k and went to zero, a million gone. Two different levels of risk require two very different position sizes and strategies. The later moves happen quicker and require less patience and may even feel less risky because the trend is there but your position size has to be much larger to get adequate returns. You also now have to be very careful of timing the top and avoiding roundtripping gains. There is not a one size fits all strategy and it's important to find accounts that more closely resemble your trading style. Accounts that make a living from 5 revenue streams and monetizing followers who pretend to trade might dazzle you with their fancy lifestyles and flexing of wealth but they are selling you the dream of being a paid influencer, not of trading for a living. Trading is incredibly hard and anyone saying otherwise is selling you something.
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