Follow this tip instead of holding coins long-term for better profits!
Assalamu Alaikum
I often notice that Steem coin suddenly pumps,
Then my portfolio gets hot, but that is for a very short time, we all know that after the pump, of course there is a dump, then suddenly when the Steem coin goes down, my portfolio comes up again, so now here I basically only looked at my profit, as a result there was no profit!
In the same way, I have been holding my Steem Coin portfolio for almost a year,
For some time now, I have made a plan that I will hold this Steem, but with different rules,
So a few days ago, when Steem Coin pumped and sold $0.30, I got about 800 Steem Coins, then after one or two days I saw it go down to $0.24, then I sold about 800 coins and was able to buy about 100 more coins with the fund that was created,
Just like this, when the price increases, I sell them and when the price decreases, I buy more with that fund. In the same way, I have made more than 100 dollars in profit in the last 1 week and with the profit I buy more, in this way I have bought about 1200 more Steem Coins,
Just like this, if I had tried to increase from the beginning, today I would have a huge amount of Steem Coins in my wallet,
Now Many people may think that when we sell the coin, that coin starts pumping and even goes beyond our reach,
Now my opinion here is that no coin is always in Growing mode, a downfall definitely comes, the coin that can go from 1 dollar to 5 in 2 days can come back to its previous position in 1 day,
So there is no need here, buy when you come to the Buying position,
Image collect Pixabay
In this post I have explained from my personal experience,
I want to explain here that instead of holding the coin for a long time, when there is a huge pump in the coin, sell that coin and wait again, when that coin comes down, you can buy double the coins with that, so how do you like this advice, definitely tell me in the comments,
I am ending here today, everyone is well, Allah Hafez,
https://x.com/RakibInsid68546/status/1875455663956242451
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I always tell people that most of the time, it does not profit to actually hold. We really need to develop others strategies