Rewards of the future
A follow-up entry to my previous blog detailing my liquidation by shorting AVAX.
On the brighter side of things, countless wins over the past week have been gained with my top 5 coins — particularly with the SOLUSDT pair, both up & down.
Watching friends & family make reasonable gains last year with Solana & catching a bit of its uptrend in the spot market, I had a rough idea of its fundamentals and its potential for future growth.
Key notes here are repetition of good practices and incorporating it into a cumulative set of skills for trading, particularly leveraged assets.
signs of a breakout was clear and it was an opportune time for me to take advantage of the futures market.
Key strengths for this run both up & down:
- Position trades start small with very little leverage.
- Strengthen position with every opportunity using small entries still.
- Entries will be stronger as your TA comes closer to confirmation.
- Otherwise, hold on any entries until such.
- Set your stops if the market doesn’t go in your favor.
- No one has a crystal ball, but you can have a plan.
I will be publishing a detailed analysis on SOL once I’ve exited all positions.
The quest continues.