Bren’s Tip of The Day
Now That I’ve shared my profit taking strategy with you (ABTPP)
The next most important principle for crypto success is position sizing
In meme coins, this is more important than any asset in the world
There are established long term coins, but most will not make it and go to 0
Therefore proper sizing is crucial to your survival
Here are a few Position Size Principles:
-NEVER go all in on or “full port” a coin (or even a few) You will eventually lose everything
-Risk no more than 10% of your port on any single coin (And 5% if you trade super low caps)
-A 5-15 coin portfolio seems to be the sweet spot for long term holds
This is what separates someone who’s good at finding good plays and a person who is extremely profitable.
Get your sizing dialed now before everything gets chaotic
- Bren (@brentrades)
Now That I’ve shared my profit taking strategy with you (ABTPP)
The next most important principle for crypto success is position sizing
In meme coins, this is more important than any asset in the world
There are established long term coins, but most will not make it and go to 0
Therefore proper sizing is crucial to your survival
Here are a few Position Size Principles:
-NEVER go all in on or “full port” a coin (or even a few) You will eventually lose everything
-Risk no more than 10% of your port on any single coin (And 5% if you trade super low caps)
-A 5-15 coin portfolio seems to be the sweet spot for long term holds
This is what separates someone who’s good at finding good plays and a person who is extremely profitable.
Get your sizing dialed now before everything gets chaotic
- Bren (@brentrades)