A Structured & Personalized Crypto Strategy
The Number One Rule In Productivity
Whenever you are engaged in business, or any level of work, for that matter, it’s imperative to remain with this very key aspect of maximizing productivity and results: Give the majority of your time and efforts to that which produces consistent, and measurable results. Improvising and exploration are also very important, as they can position you for the waves of the future. However, in most instances, this is yet to unfold.
So, it makes logical sense to be engaged in such activities, but for such engagement to be marginal, as the majority of your time should be dedicated to that which is already producing results. It’s very much a case of avoiding being “penny-wise and pound-foolish”. What’s the point of being dedicated to marginal or prospective gains, when there are significant returns at your disposal right now?
This is a practice I see a lot of in various Crypto communities… continuous speculation and discussions about what could be, while simultaneously avoiding what is currently at hand. When the future arrives, there’s a strong chance the opportunities and ideas of tomorrow will sabotage the opportunities of the moment, yet again. Essentially, it’s often a case of a well-disguised expression of procrastination.
If you want to truly measure your efficiency and productivity, then take an objective look at the fruits of your endeavors. Are there measurable manifestations of success or is everything solely based on a future possible outcome? It’s important to keep the ratio healthy regarding immediate profitability versus potential profitability and exploration. When involved with financial markets, understanding relativity ratios is at the heart of extracting value from the market.
Similarly, understanding, and having insight into relativity ratios in other aspects and realms can be equally as beneficial. This works hand in hand with diversification and strategic planning. Unless you have an enormous edge regarding a particular sector or approach, spreading your net is an important dynamic to remember and exercise when it comes to your Crypto endeavors and strategic approaches.
Personal Application
Recently, I addressed a particular trading strategy that has materialized and evolved over multiple years of trading and experimentation. There’s a particular end that I have been trying to achieve over many years, and it appears as if I have finally reached a level of consistent efficiency that can operate in any market, as well as operate over extended periods. This is essential when it comes to trading strategies.
Many approaches work well, but only in certain market conditions, and for limited periods. If you want to secure an ongoing and uninterrupted stream of income from trading, then securing these two key aspects is imperative. Many enjoy significant success, but when the market shifts they erase all of their gains and even move into a position of loss. Finding a way to conquer this dynamic has been at the heart of my experimentation over the years.
I have been trading an extremely volatile asset with this strategy, and so have exposed it to extremely “turbulent” market conditions. Over multiple weeks, and various market conditions, it has performed well, and so now I am beginning to focus a lot of my time on applying this particular strategy, as I don’t need to wait around for specific market conditions. As long as there is movement, I can execute trades.
Final Thoughts
Essentially, Cryptoneurs need to maximize what works for them and find ways to leverage their strengths, as well as the opportunities that provide them with the most consistent results. Together with this should be the aspect and practice of further experimentation and even speculation. Some tend to focus on only one side of the spectrum. In other words, they apply all of their time to that which is currently effective, or they focus solely on future potential.
This can be a bad move, especially if you are entirely focused on what could be, and it never materializes. Once again, it comes down to relativity ratios and finding that sweet spot. It’s rather uncanny how “diversification” tends to play into so many areas of life, especially one’s financial life. All the best in navigating the most profitable and beneficial path forward. See you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
Crafting a structured and personalized crypto strategy is like building a financial roadmap tailored to navigate the exciting yet volatile landscape of cryptocurrency.