Being Liquid and booking wins is how you survive!
This is great advice for playing alts.
I think Cobie also once said it on a stream.
If you make multiple Xs on an alt, you sell and wait for the next opp, while putting some profits into BTC.
Too many people one here will shame you into not selling and holding the bag down when the inevitable bear market comes for that alt.
I remember riding TIA from $2 to $10 and then $10 to $20 and people questioning why I sold at $20 instead of waiting for $50.
Have a plan and execute. Be nimble on alts and take profits when euphoric
Quick thought on “life changing money” since I’m getting a lot of DMs about it (no surprise given current PA).
If you’re sitting on uPnL that’s life changing you need to sell. Full stop.
I have regretted every single time when I did not realize life changing gains in the beginning of my career. The notional amount will change as you progress but the concept will not.
You will never get the optionality back of materializing that position and improving your life circumstances forever.
If you can change your life and the lives of those around you forever by clicking SELL on a screen I strongly advise that you do.
You can always rebuy, but you cannot go back in time and resell at that level where you reach escape velocity. There will always be another trade.
The people who make it to the top understand that being liquid and booking wins is how you SURVIVE. They didn’t get there by timing every top perfectly, they got here by pulling out cash than they put it.
There is always another trade, timing tops perfectly is a fantasy and having liquidity is king.
After you’ve hit escape velocity then and only then can you start playing the game for real and going for it all.
I’m not selling because this trade is a once in a cycle trade for me but that does not mean it will be for everyone.
Stay liquid and I love you all.
2.87K
5
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.