The contract account has surged to 1100U today, grinding from over 500 initially. I've been holding POLYX for over ten days now, and honestly, I've sunk 200-300 just in fees alone—it stings a bit. But with the account growing, I'd call that a win.
My current strategy is opening primary positions in several altcoins simultaneously, with a plan to add to positions in 2-3 tranches. Reflecting on my POLYX operations, the main issue was opening the first position too heavy, then adding to it too quickly. When it dropped later, I had no dry powder left to accumulate. Paying tuition taught me where the logic went wrong.
The adjusted strategy is much simpler—I've downsized all first positions, but actually increased the number of coins. The benefit is I'm not in a rush holding long-term, plus I pick up staking rewards along the way, gradually building returns. The market never shortchanges patient people. As long as you manage position sizing and avoid overleveraging, nobody can shake you out. Sometimes making money is just this straightforward.
Transaction fees of two to three hundred are really brutal. This round with POLYX was like paying tuition. However, lightening the first position and spreading across multiple coins is actually a good strategy. It's definitely more reliable than going all-in on a single coin.
The contract account has surged to 1100U today, grinding from over 500 initially. I've been holding POLYX for over ten days now, and honestly, I've sunk 200-300 just in fees alone—it stings a bit. But with the account growing, I'd call that a win.
My current strategy is opening primary positions in several altcoins simultaneously, with a plan to add to positions in 2-3 tranches. Reflecting on my POLYX operations, the main issue was opening the first position too heavy, then adding to it too quickly. When it dropped later, I had no dry powder left to accumulate. Paying tuition taught me where the logic went wrong.
The adjusted strategy is much simpler—I've downsized all first positions, but actually increased the number of coins. The benefit is I'm not in a rush holding long-term, plus I pick up staking rewards along the way, gradually building returns. The market never shortchanges patient people. As long as you manage position sizing and avoid overleveraging, nobody can shake you out. Sometimes making money is just this straightforward.