2022-03-29 10:33:18
TRADING AND HOLDING LIKE A BOSS On Kucoin there are two wallets: Main wallet and Trading wallet.
MAIN WALLETI only transer coins to this wallet that are for midterm/longterm.
For example; I have BTC, BNB, TRIAS, QRDO etc. etc. in this wallet. I will ONLY sell these whenever they reach my longterm targets.
These coins in the main wallet HAVE A PLAN. No place for emotions or weakhands. So whenever they reach my midterm/longterm price I sell some of it.
Not everything, always keeping a moonbag since those are projects I believe in.
TRADING WALLETIn my trading wallet I hodl let's say $10K usdt for example. I will do 2-3 active trades with this money. These are shortterm trades.
Read my thread "
How to take profits like a boss" to know how I take profits on these shortterm trades.
When my $10K is let's say $12K after few days. I will send 50% of the profits (1K usdt) to my main wallet. My Trade wallet now has $11K.
These numbers are made up, but have a plan. What amount is best for you to trade with?
DO WHATS BEST FOR YOU, BUT MAKE A PLAN.
PUT YOUR EMOTIONS ASIDE
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