Alt Season Part Two...

2020年2月17日

So many didn't believe alts would move again and have been spectators as 60 odd billion has been pumped into them off the lows>recent high well I'm sorry to hear that (not really), However there is good news! many of these larger caps and others have started retracing their trending moves providing an opportunity to re-enter the market on BTC pairings. BTC may continue to go down in $ terms short term and may deter people from actually entering alts and I can understand that as I myself have been there before, The reality I'm seeing is that many of these alts are in unique cycles of their own although some are very similar the timelines are a little spaced apart. So how do you prepare for this? Well it's interesting because most people probably won't make $ from this alt cycle mainly down to a few reasons being: fearful/uncertain/hesitant/doubtful/bad past experiences(most likely) you get the point...So to negate this and actually prosper in this time of the market it's probably going to involve you overcoming some mental hurdles and rid yourself of past experiences that may be haunting you. I believe people trying to trade this on the short term and using stops will end up being frustrated and have poor results also so that's something to consider if this is a part of your ''normal'' approach. The crux of it all is that the real winners here will be the ones willing to take the risk and with the foresight of what's potentially coming into this market. This is probably not what you were expecting to hear as it's basically the opposite of how most people trade/approach markets and you will be exposing yourself to risk greater than you're normally use to, In regards to the last part I do employ risk management although it's not usually in the form of ''stops'' I have invalidation points and focus more on position sizing relative to the total $ I'm trading an example would be if I was trading 100k I would be using 5-10k per position and not exceeding 10% in any one position. In my last post which I will post you here you can see the things I look for in alts to enter and that still stands However I will give some positions I'm currently in as of recent which are ZEC, ATOM, ETC, EOS, MANA. Lastly I will add that I expect to incur some draw downs basically every trade I enter and never really see a position move the way I want off the bat often but this is just part of the way I trade gl.

~NOT FINANCIAL ADVICE~

2020年2月17日

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