What to Do with Consistent Profit in Crypto?

7 replies 378 views
dave21Member
Posts: 4 · Reputation: 73
#1Apr 12, 2021, 05:24 PM
Hey everyone, I've been lurking for a while but finally decided to join! So I'm a quant at a hedge fund and have been trading crypto on the side. I’ve figured out some strategies that help me stay in the green consistently. Just to be clear, I’m not here to pitch any memecoins or anything like that, and definitely not sharing my strategies. Just want to keep it to myself for now.
6 Reply Quote Share
0xGasMember
Posts: 126 · Reputation: 52
#2Apr 12, 2021, 10:50 PM
Sounds like you're doing well! If I were in your position, here’s what I’d do: 1. Expect the market to trend up for the next several months, making it easier to profit, but brace yourself for a downturn later. 2. Gradually pull out my initial investment and part of the profits. 3. Keep trading with the rest and remember to take some profits along the way.
3 Reply Quote Share
whale420Senior Member
Posts: 296 · Reputation: 853
#3Apr 13, 2021, 05:01 AM
Totally agree. Stick with what works! I’d keep reinvesting my profits instead of withdrawing. The goal here is to build up enough capital without getting too greedy. Chasing huge wins can mess up your strategy, so I’d just keep it steady.
0 Reply Quote Share
the_farmMember
Posts: 47 · Reputation: 44
#4Apr 13, 2021, 08:48 AM
Wow, that sounds kinda sarcastic... I mean, I’m just trying to share my thoughts, but whatever.
0 Reply Quote Share
lonesageNewbie
Posts: 3 · Reputation: 28
#5Apr 15, 2021, 07:53 AM
Compounding your gains is a smart move. You might also look into crypto-focused proprietary firms that can provide you with capital while letting you keep a large portion of the profits. Over time, you could even launch your own fund or managed account!
2 Reply Quote Share
GrimLedgerFull Member
Posts: 1 · Reputation: 621
#6Apr 15, 2021, 11:14 AM
You seem to have a solid profit record, which is awesome. Maybe think about expanding your skills elsewhere too, like starting a business or picking up some new languages. There are always things you wanted to do but couldn’t because of time.
0 Reply Quote Share
MadProtoMember
Posts: 49 · Reputation: 159
#7Apr 15, 2021, 05:28 PM
What’s your profit consistency like? Are you seeing the same dollar amount each time or a steady percentage? And what’s your trading timeframe? A long enough sample is key. If you’ve only traded for 6 months in a bull market, wait and see how you do in a bear market.
4 Reply Quote Share
0xRocketMember
Posts: 142 · Reputation: 188
#8Apr 15, 2021, 06:02 PM
I’d probably just wait and let my capital grow before making any big moves. You could consider a loan if your profits are steady, but that’s risky. use could also work, but I’d recommend building up your capital first before diving into anything too risky.
3 Reply Quote Share

Related topics