05-14-2020, 03:29 AM
Some useful tips you may need for the next bull run
<!-- SC_OFF --><div class="md"><p>During the previous bull run, I’ve made some wrong decisions that have cost me a lot of money. With the halving just behind us, we may enter a new bull run. </p> <p>Here are some tips for the next bull run. Feel free to add yours:</p> <p>• never sell your whole stack</p> <p>• never trade with your whole stack. not your keys not your crypto</p> <p>• if you have life changing amounts, you are a gambler if you hodl everything for bigger life changing amounts (lots of people have been thinking "i should have, would have, could have" everyday for the last year+)</p> <p>• scale out when the log chart goes parabolic, and your grandma and uber driver and katy perry are talking about bitcoins. the difference between short term gains & long term gains is more than losing 90% of your principle. markets don't care about your timetable</p> <p>• take chunks of your profits out of crypto entirely & diversify, you can lockup a small percentage into defi and earn interest as a hedge to offset fomo</p> <p>• pay your taxes (optional?) and/or save money for a rainy day in fiat</p> <p>• set some low limit orders you don't think will hit on the way up and be patient</p> <p>• set some high limit orders on the way down to catch any fat finger trades</p> <p>• keep a few low orders on exchanges that still allow flash crashes and think of those as your reserves</p> <p>• don't ever talk to people about your gains</p> <p>• specify a strategy prior to the new bull run, including exit points and several levels at which you plan to sell parts of your stack</p> <p>• help newbies who will be attracted by the new bull run and don’t shill your own shitcoins</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>During the previous bull run, I’ve made some wrong decisions that have cost me a lot of money. With the halving just behind us, we may enter a new bull run. </p> <p>Here are some tips for the next bull run. Feel free to add yours:</p> <p>• never sell your whole stack</p> <p>• never trade with your whole stack. not your keys not your crypto</p> <p>• if you have life changing amounts, you are a gambler if you hodl everything for bigger life changing amounts (lots of people have been thinking "i should have, would have, could have" everyday for the last year+)</p> <p>• scale out when the log chart goes parabolic, and your grandma and uber driver and katy perry are talking about bitcoins. the difference between short term gains & long term gains is more than losing 90% of your principle. markets don't care about your timetable</p> <p>• take chunks of your profits out of crypto entirely & diversify, you can lockup a small percentage into defi and earn interest as a hedge to offset fomo</p> <p>• pay your taxes (optional?) and/or save money for a rainy day in fiat</p> <p>• set some low limit orders you don't think will hit on the way up and be patient</p> <p>• set some high limit orders on the way down to catch any fat finger trades</p> <p>• keep a few low orders on exchanges that still allow flash crashes and think of those as your reserves</p> <p>• don't ever talk to people about your gains</p> <p>• specify a strategy prior to the new bull run, including exit points and several levels at which you plan to sell parts of your stack</p> <p>• help newbies who will be attracted by the new bull run and don’t shill your own shitcoins</p> </div><!-- SC_ON --> Kind Regards R