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Ansem: Capturing the right rotations and taking profits in a timely manner are equally important; only compounding can preserve profits

BlockBeats reported that October 11, crypto trader Ansem posted about one of the biggest lessons he has learned from years of trading cryptocurrencies. He said that in trading, capturing the right rotations is only the first step. What truly determines whether you can preserve profits is whether you can take profits in a timely manner and compound them. 2017 years ago, he made considerable money trading altcoins, but much of it involved recycling trades, giving back profits and returning to square one. 2020 to 2021 years, he made significant progress, becoming better at identifying narratives early, rotating between SOL、LUNA、AVAX and compounding profits from different trades. Identifying opportunities early and knowing when to take profits are two equally important skills.

Original link https://m.theblockbeats.info/flash/371231