Venture Coinist: Alt Season Study + How I'm Measuring/Approaching The Current Trend
Study of the past alt seasons, how BTC has been vs what this has meant for alts.
My personal takeaways and approach outlined:
*IN NO WAY IS THIS ADVICE OR FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISOR AND CANNOT TAKE YOUR INDIVIDUAL CIRCUMSTANCES INTO ACCOUNT. SIMPLY MY APPROACH AND IS INTENDED FOR EDUCATIONAL PURPOSES ONLY*
1.) Holding on to less trades, having more conviction/allocation to those fewer coins to stay focused.
2.) Moving slow and taking profits based on alt valuation, these valuations whether its ETH or any other alt guide will be more helpful than BTC imo.
3.) Understanding exposure - whatever your approach, understanding what being overweight alts means and that at the end of any cycle moving to cash is safest.
4.) STAYING EXPOSED - even if you take partial profits and add on dips, staying exposed to alts in an uptrend (even if its a small bag) will win. Let the trend do the heavy lifting
5.) The one different approach I'm taking from last season - the addition of 5-6 of smaller caps I have good conviction in vs adding to the 5 safer coins is my one change.
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*IN NO WAY IS THIS ADVICE OR FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISOR AND CANNOT TAKE YOUR INDIVIDUAL CIRCUMSTANCES INTO ACCOUNT. SIMPLY MY APPROACH AND IS INTENDED FOR EDUCATIONAL PURPOSES ONLY*
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