Hey everyone,
I've been lurking around here for a long time but never bothered to sign up! So let’s get straight to the point.
I work as a quant at a hedge fund and I’ve been trading on the side. After applying my quant skills to the crypto world, I finally figured out a few ways to consistently generate a positive PnL.
I’m not trying to pitch you on memecoins or technical analysis. Honestly, I’m not even here to reveal my strategies since I’d like to keep them under wraps for now. Plus, I'm not really looking to hear anyone's lengthy trading tales either. That doesn’t interest me at all.
So here’s the question: if you were in my position, not quite making enough off your PnL to live yet, but knowing your strategies are rock solid and regularly yield positive results, what would be your next move?
How to maintain consistent profits and what’s next?
7 replies 284 views
bear_hodlerNewbie
Posts: 266 · Reputation: 29
#2Feb 27, 2019, 03:20 AM
I'm not very good at terms (and forgive me if I get something wrong), but I understand that you're on profit. Great!
What I'd do would be:
1. expect that in the next 9+ months the market will go mainly up, hence it should be easier to profit off it (and expect bad days afterwards, maybe after 12+ months!)
2. slowly get out my initial investment and maybe a part of the profit too in these following months ("hope for the best, but prepare for the worse", "don't be greedy")
3. trade with the rest, profit more, good luck and don't forget to take profit too now and then
If I were in your shoes, I'd be doing the same strategy since it is proven to work consistently and gives you positive PnL, and I think I don't withdraw the profit instead reinvest it again to increase the profitable strategy.
I won't chase for bigger wins; I would stick like glue to the same strategy. Even though the profit is still not enough to live on, I keep recycle and reinvesting again until I get enough capital to increase my PnL. I won't be greedy because that is the one that can break your strategy if you are chasing big wins.
That feels so sarcastic and on a fit for tat I am equally going to maintain the lines and definitely not interested to share my views.
I think compounding is very good start. Trading with what you currently have and reinvesting the profits. Another way is to look into proprietary firms that are cryto focused that gives you capital while keeping a lager share of profits and with each withdrawal, you add to your personal account and trade and on the long run, launch your own small fund or managed account service.
ravenone849Newbie
Posts: 1 · Reputation: 13
#6Feb 28, 2019, 02:24 AM
I assume you have consistently made a profit,
that's good, in the future you can develop your skills in other areas, such as opening an bussiness shop or developing language skills or skills that support you in working in real life
or any activity that you want to do but had to be postponed in the past
chainone31Newbie
Posts: 164 · Reputation: 18
#7Feb 28, 2019, 04:59 AM
Depends on what your PnL stats are. Is it a consistent unit number? Or are you registering a % that's consistent?
And also what's your timeframe? I would say a big sample size of time is what tells the truth (if you only did 6 months in a bull market, check what happens another 6 months in a bear market).
If it's 1% a month, don't change anything... its the magic of compounding
satoshi_shardMember
Posts: 227 · Reputation: 83
#8Feb 28, 2019, 06:43 AM
if i were you i'd wait a little and compound my capital to make PnL sustainable or at least beyond that, risky way would be to get a loan, I mean if the PnL is consistent I think loan is pretty fine, or you can just pump that leverage number up, many thing can be done here.
but ultimately. gonna grow the capital until it's sufficient enough only then we can grow.
?Reply
Sign in to reply to this topic
Related topics
- I Lost $12K on Memecoins Before I Started Making Profits. Here’s What I Learned. 19
- Did you actually understand what CZ meant? 19
- Do you simulate before launching arbitrage bots? 19
- Analyzing Crypto Options: GEX, Flip Zones, Gamma Walls for Traders 1
- Which app is this for portfolio tracking? 9
- 97% of day traders end up losing cash 19