Weekend chilling

in #steemleo10 months ago

☝️📊Above stats shows a simple buy and hold return on BTC.

As traders we can duplicate that plus minimize draw-down/ profit decay increasing those stats to a more favorable number.

Buy, enter trades or combination of BOTH at weekly, monthly lows and only sell at same timeframe highs and/ or stop out whichever comes first.

💡Re-enter as needed or as desired on a lower timeframe best entry or next daily, weekly low.

Minimize draw down and max protect gains. Rinse and repeat on any instrument, asset, etc.

Utilizing a multi-timeframe (MTF) strategy w/ scaled trade amounts(longer timeframes signals=stronger trending= bigger trade amounts could be used) can also be implemented for best coverage, smoothing volatility and minimizing dreaded draw-down and in doing so you’re also maximizing profit-taking on a MTF scale.

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