My goal in bull run is to close the profit and preserve the results of several years of investment, so this way of closing the profit will probably be a bit different, please refer to it.
1. Target plan
- Because we can't know when the uptrend will end, I will have a plan to gradually close (like I gradually closed 30% in March 2024 - at that time, if the market goes up continuously and reaches the portfolio target, I will also gradually close everything)
- I will base on some long-term indicators such as altss index exceeding 75 80, greed at 80 90 for quite a long time, plus market sentiment at the valuation of over-valued projects (like $DOT reaching 50 billion last season), and the fact that projects are launching long-term holder retention packages, plus crazy signs in the market... Usually these are signs that are hovering around the peak area.
2. Rotate take profit basket
- I will rotate the risk basket -> lower risk -> safe -> stable -> fiat in parts and stages.
- The principle of this method is that the more you go bull, the more you tend to keep the results of your efforts over the years, avoid doing the opposite and taking on more risky goods. Although you can increase your account quickly, you can also erase all the results of your efforts over the years.
- At this time, we will base on which coin/narrative pumps first to gradually close the pumped coins and then switch to $BTC, because as the principle I said yesterday, if it is x4, then increasing by 25% more will become x5.
- For example: That is, if I buy 1k$ in a risk coin and it x4 becomes 4k$, I swap it to $BNB and if#BNBincreases by 25%, the 4k$ becomes 5k$. That is, compared to the capital, it is x5.
- At that time, I prioritized safety, because you know that if safe coins split 2 or 3 times, then risky coins split 10 or 20 times and return to the starting line, wasting 4 years of waiting.
3. Should I buy back some altcoins that haven't pumped yet?
- Because there are still many opportunities at that time, for me, I will gradually cash out fiat, both principal and interest, and use the remaining small capital to play the trend of some altcoins that have not pumped yet.
- This capital requires profit to be closed and cashed out into fiat, and absolutely not deposited back into crypto until the end of the season.
- At this time, there will be many trends, many pump projects, new people are more notorious than old people, showing off money this and that, at this time with a change in mentality with the small amount of money left in crypto, it is to follow the trend and can lose everything.
4. A group of brothers with many opposing perspectives
- When we are too enthusiastic, we need a group of brothers, both new and old, to remind each other of different perspectives.
- I told my group that if we don't close the deal by then, we'll slap each other in the face 🤣
- Give up the feeling of regret, because no one can buy at the bottom and no one can close at the top, the feeling of regret will keep us at the top forever.
- Absolutely DO NOT deposit cashout money back into crypto!
- What do you think?
