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.
What to Do with Consistent Profit in Crypto?
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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.
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.
Wow, that sounds kinda sarcastic... I mean, I’m just trying to share my thoughts, but whatever.
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!
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.
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.
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.