Alt season is coming… soon. This will be the second time that I will hopefully experience the rush. If you want to position yourself properly and make the absolute maximum amount of gains, follow my top tips. These come from experience.
If you study these tips and do your due diligence NOW, rather than waiting for alt season to ambush you, it could mean the difference in 10X-ing your portfolio or ending up losing money. Educate yourself accordingly, and here are the tips!
Position Yourself Ahead of Time
Now is the time to grab a few bags of your favorite tokens. Not later. The people who make the 10x, 20X, or even 50X gains are those who get into position BEFORE the mayhem kicks off. If you wait, you’re playing with fire. But how do you pick the right projects? The best way is to research the top projects and pick the ones that catch your interest the most, and also have the right “tokenmetrics”.
That means looking at the validity of projects, how many tokens are in the total supply, circulating supply, and the likelihood of project developers dumping additional tokens into the circulating supply in the event of a run. Knowing these details will put you in the best position to find a winner and take home the maximum gains.
If you find yourself asking others, “should I buy into this project?”, then you are ill-prepared. You should already know the answer to that question before blowing your stash of money. Take into consideration your own risk level, and act accordingly.
Research Until You Are Blue in the Face
I have watched thousands of hours of YouTube videos on various projects over the past few years. There is a wealth of information to be gained on YouTube to answer your every question about all of the top prospects for investing your hard-earned money. Those who study the most ahead of time are the ones who take advantage of the maximum gains.
Not only do I watch hordes of YouTube videos, but I also listen to popular podcasts while working. I am constantly educating myself about various projects, and how the blockchain and crypto sector works as a whole. When you do this, you’ll start connecting the dots and gaining valuable insight that can give you the edge on making better decisions. You can’t “over-learn” in this market. The more the better. So do your homework, and make due diligence your top priority.
Never Buy Into a Run
This is one of my foundational rules that I learned the hard way. If you wait until alt season pops off, and you FOMO into a buying frenzy, you can find yourself stuck at the peak of a move. I have had to wait upwards of 3 years to get back to break-even after buying into a run.
Make it your policy to control your emotions. If you are acting on impulse, you can get yourself REKT! You might get lucky and make a moderate gain, but the chances are that you will end up losing. Keep control of your impulses and take your finger off the trigger when you see a project running vertical.
Remember, you can’t catch them all. But if you put your attention on the projects that you held from a quiet accumulation/consolidation trading period, you’ll end up making such big fat gains that you won’t have to worry about the projects mooning that you don’t have a position in.
Set Your Exit Strategy and Stick To It
NOBODY can time the market to perfection. Only a small percentage of people will time a trade just right and get out on a peak. If you set your goal for exiting your favorite projects before they run, and stick to your plan, you can all but guarantee getting out with a profit.
Forget about getting lucky and trying to time a sell order at an all-time high. Decide now on the percentage gain that would make you happy, and PULL THE TRIGGER when it comes to pass. There is nothing worse than trying to time the peak price and ending up holding a bag long after the price has tanked. Don’t be greedy. Set the goal and get out.
You can also set a goal of WHEN you want to exit. You can hold until the estimated peak of the market in the fall of 2021, or decide on selling when you reach your desired percentage gain. I prefer the latter. My strategy is to sell off my alts and pile drive the gains into Bitcoin and ETH for the fall bull run.
Use the “DCA” Method
Do your homework, and start accumulating now. Just as it is best to avoid trying to time the peak price to sell, you should also avoid trying to time the bottom price to start buying. It is best to use the DCA method, which stands for “Dollar Cost Averaging”.
In this method, you basically accumulate smaller chunks during the time that the price line is less volatile. If you spread out your purchase orders and just buy at various times while the price line is declining, you can get a good overall average purchase price that might serve you better than trying to wait for the absolute bottom.
There is nothing worse than the feeling you get when your favorite crypto tears off into the stratosphere while you were waiting for the absolute bottom. For example, if I want to get 1,000 tokens of ABC crypto, I might get ten orders of 100 over time during the quiet accumulation period. Or I could make 5 orders of 200. When I use this method, I find it a lot less frustrating than draining my entire stash of cash only to watch the price dip farther.
Doing the DCA method takes a lot of the stress out of the buying process for me. Do what works best for YOU, but keep in mind that this is how the pros do it. While everyone else ignores a project during its “dog days”, the smart investors are snatching up small amounts over a long period of time. That way, by the time the feeding frenzy hits, they’re already in position to unload the wagon and cash in for maximum profits.
In Summary
Do your due diligence, take your time, study the projects, position yourself WAY ahead of time, and control your emotions. You’ll be thanking yourself in the long run. Keep in mind that the institutional investors buy when everyone else does not. The “average Joe” investor buys when a project takes off and has made the majority of its gains.
Get on the job now while you have a chance. And while you wait, you can check out this cool website that one of my Telegram group members shared from Blockchain Center that will help you get an idea of when the shift takes place from Bitcoin season to Altcoin season!
Best of luck.
Carlton Flowers
The CryptoPro
NOT FINANCIAL ADVICE - Entertainment purposes only. Seek a qualified investment advisor before making any decisions on purchasing cryptocurrencies.
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