Manage your investment, and if you do this, you will definitely be a successful investor. Long-term investment is always profitable, but sometimes it takes time, and during this time, your portfolio keeps going up and down.
Just like we experienced in this bull run, many of us invested in altcoins for the purpose to book huge profit in this bull run but what happens majority of the altcoins doesn't moved and shown a positive momentum.
It only takes your time and you had to hold your coin for longer time without doing anything. During this time if you have rotated your coins you must had booked lot of profits. That is why its essential to trade your already invested coins and keep on booking small profits on daily basis.
Therefore, if you hold your investment for a long time, it is better to keep rotating your holdings. Especially in the crypto market, for investors who are holding long-term, it is better to trade and rotate your holdings properly.
By doing this, your losses will decrease day by day. In today's post, I will discuss this strategy, how you can rotate or trade your already invested coins to make a good profit and also being invested all the time.
There are 2 strategies you can use to trade and earn profit. One is to trade only 20% of your portfolio and hold the remaining 80% and the other is to trade your full amount against other altcoin which must be the alternate of your coin.
For this, you need to keep watching your coins. For example, you have 5 coins invested, "A, B, C, D, E." After watching, you see that coin "A" has pumped 5-8%, so you sell 50% of your holding.
If it goes higher, sell another 50%. Now, wait again for the price to come back to the initial price, and rebuy it. If its price continues to rise, look for an alternate coin and invest in it, and book your profit.
Now wait if coin "A" goes back down. Use the convert option to shift back to coin "A." This is the coin rotation method against a stable coin.
The second strategy is to not trade against a stable coin but to trade against altcoins. This method is also simple. For example, if you want to trade Hive, you need to find an alternate altcoin that is faster, more volatile, and fundamentally strong.
For example, we select the #KDA coin against HIVE. Keep watching these two coins, and trade them whenever they change by 1%. For example, if you're invested in Hive, when Hive goes up by 1%, convert it to #KDA coin, and when it goes down by 1%, convert back to Hive.
In other words, keep converting between both coins and maintain your coin quantity. The extra coins you earn, sell them and save the money. Keep doing this practice, and until a bull run happens, you will make 2-3X profit.
This has two benefits: first, you will earn passive income, and second, you will always stay invested. This is something that most investors avoid, but it is the best option for rotating invested coins and trading well. I hope these strategies will be helpful for you.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
Thanks for the information.