Thomas Holland
United States
@Masterbigdaddy 2024 Welcome message Welcome to my Copytrade portfolio and thank you for putting your trust in me and my trading strategy. This post is a quick hello and update on how your money allocated under me will react in different market scenarios. You can check out my strategy linked on my resources page (linktr.ee/tholland3510 ) if you want a more detailed explanation. I would also advise checking out the pinned post on my profile if you haven’t already. If you have any questions, please feel free to post them here or on any posts I have made. Recommendations for Copying - Copy Open Trades - Join my substack newsletter to learn more about crypto ridingthewave.substack.com/about - My strategy is designed around the full market cycle, so it will work best for long-term investors. Of course long term in crypto is usually 3-4 years, but new trends can always emerge. - Check out the FAQ (has info on my approach and general Etoro info) - Follow me on Twitter for interesting crypto news: twitter.com/ThomasPHolland - Guide for how to get the information you need for taxes off Etoro: ridingthewave.substack.com/p/etoro-and-taxesbonus Frequently Asked Questions Document : (docs.google.com/document/d/1bwxdeybHhcl6gMDCDJ_pmO8Go-lTe_x8GT7JUVOwNLo/edit ) A short outline of what will happen when BTC and, therefore the crypto market goes up, down, or sideways from where we currently are (and where you have invested your funds): Upwards: We will continue to watch for indicators that we are nearing the cycle all-time high price. Once we see signs it might be near (coming weeks to months), we will average funds out of crypto into cash and adjust the ratio of the funds left in the market to have more funds in assets that historically have dropped less in a bear market. Sideways: In this case, we may move some funds if an opportunity presents itself. Down: This is the most stressful outcome in the short term, as during Crypto’s Bull market, the drops tend to be sharp and fast (20-30%). Assuming your stop loss doesn't end your copy trade, we may move some funds from cash into crypto to capitalize on the drop, or if we are near the end of the cycle, we may keep them in cash/move more funds out of crypto
1 Mentioned
1 reply
null
.