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Please validate my belief that the key to success is to not be greedy and to know when to walk away. Or tell me I'm a fool.

Please validate my belief that the key to success is to not be greedy and to know when to walk away. Or tell me I'm a fool.

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by COINS NEWS 23 Views

I should begin by saying that I'm only in it for the money. Hate me for that if you like. You do you.

We have probably all done it at some point - made a good gain and held on for more, only to end up with less than we began.

For me it was an almost daily occurrence. I wanted more, and it would usually cost me.

So before I lost it all I changed my strategy. Rather than hope for those bumper days of 10% gains, why not settle for 1%. I figure if you nibble away long enough you'll soon get the whole cake.

10% is exceptional, but 1%? Well that doesn't seem to difficult. That's just a typical fluctuation that could happen on any coin any hour of any day.

So far the theory is proving right.

I switch to a stable coin every day after making a 1% gain (actually a little bit more to account for Binance fees). Each morning I make a selection and buy back in. As soon as I have my 1% I'm straight out again.

I began this about 90 days ago. My $2k initial investment is now at around $8k

Seems like a lot work to initially only make 20, 30 bucks a day. But in the long run it will be worth it. If I can keep this up for a full year then my $2k will become $76k

It gets more interesting the second year, when a 1% daily gain on $76k ends up at around $2.8m

And if I lose it all I only ever lost $2k, and some time.

I might miss out on some bumper days, but I accept that. Or one day might end up being an absolute snake with no ladders in sight. So far so good though.

submitted by /u/Willis_Wastalkinbout
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