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avatar of @steelthong
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@steelthong
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2 min read

I thought this was a very excellant article, unfortunately 95% of the people reading it will never follow this advise. They will continue to buy/sell based on the emotions of fear/mania, the very thing that keeps the crypto market volitile.

The big boys on Wall Street got to be big boys because they did two things. First they learned how to analyze companies and their stock and pick winners. The second thing they did was create an exit strategy!

Most people in the crypto world get and do the first part right, they spend hours researching and analyzing, finding the best coins with the greatest potential for return.

The second part is almost totally dismissed by crypto heads and never thought of at all! It does very little good to make a truck load of money in the markets if your truck never makes it to the bank. I mean the idea is kinda to fill your sacks with money right?

Taking profits is a lesson Wall Street learned decades ago, the years of the great depression were lessons well learned. You see it practiced as the market cycles up and then drops a bit as people and firms take profit from the market and line their pockets with money. These mini cycles are a give away of what is happening.

No I think you are dead on with what your doing and I picked up a few tips myself that I will be implementing immediately. The nay sayers here need to re-read this and think it through a little slower. It could be the difference in saying, "Wow look at all the money I made!" and, "What happened to all the money I made?"

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