Quote from: Simss on September 20, 2017, 03:21:47 AM

Quote from: HippiePyro on September 17, 2017, 04:38:21 PM

The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched. What I plan to do is buy and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

I think your speculation about hold is true, but if I see you keep talking about very high profits like 100% or more, and I have not experienced it here. so can you convince me that it will really happen?

I think is a common strategy for beginners but its up to you. Along the way you will discover changes and other indirect profit that you really could have. Plus the projectile in this plan is in a long term like really years and there will come a time where you will think you will spend money and add money to something you think that will add to the profit.