The LAST thing you're thinking about right now: Selling.
And I get it.
After long years, WE ARE SO BACK.
But now is not the time for greed.
Now is the time to make a plan.
Step 1: KISS - "Keep it Simple Stupid".
Don't overcomplicate your portfolio.
You don't need 100 tokens.
That's far too many to keep up with.
5 is more than enough.
BTC+ETH+ 3 other tokens on emerging narratives (L2s, RWAs, etc).
Step 2: Set a goal for your portfolio.
You need to determine exactly how much money you want to make.
IE: I want to make $100k this cycle.
This will help inform your price targets in step 3.
Consider: This won't be your only cycle to make it big.
Step 3: Set price targets.
The picture below is a rough estimate for price targets.
IE: To make $100k on $ETH you'd need at least $20k.
If you bought at 40k, your price target would be 5x or $200k.
While achievable, consider also setting intermediate price targets.
Step 4: Determine if your portfolio will meet your goal.
What if you only have $5k in BTC, but you're set on your 100k goal.
Here are your options:
- Add to your bags.
- Diversify portfolio with riskier tokens.
This brings us to step 5 👇
Step 5: Automate your buying and selling:
If you could time the market, you'd be rich already.
DCA and limit orders are your friends. They make sure you stick to your plan.
Binance offer DCA
Step 6: Practice your exit plan.
If your exit plan is not fully automated, you need to practice it.
Set price alerts. Practice offramping in small amounts.
Don't wait until peak bull to find out that the exchange you were going to use now requires KYC.
Step 7: Save some Ammo.
New projects and narratives that don't exist yet will be some of the best performers during the bull run.
You want some capital sidelined to spot and capitalize on these opportunities.
If you liked this article, please support with a like or follow.
And may the odds be ever in your favor this bull run.
NONE OF THIS WAS FINANCIAL ADVICE.