This may come as a shock to many of you
But I will be starting my profit taking strategy very soon 💰
Below, I have detailed my entire profit taking strategy for this bull run, and exactly how I plan to execute it as best I can 👇
My strategy is likely very different to most other people's.
My targets are not set on "Sell X amount when the price reaches X" for individual projects.
My strategy is based on taking a certain amount off my entire portfolio when it reaches a certain value 💵
This means shaving off 10% from every project I hold once my portfolio reaches certain levels, as long as that investment is in profit.
And I have decided on what these targets are based on MY OWN goals, which will of course be different to yours.
I won't be sharing my true portfolio levels as I feel this is private info, and people mainly share this for attention.
I don't want to do that.
But I have provided an example to show you how i'm doing it 👇
Let's say your portfolio is now worth $50,000.
Before you set any targets, you need to figure out your number.
What would be an amazing result for you to walk away with?
This is super important to do now, before the craze of FOMO and Euphoria grips you and you can think straight.
Once your portfolio starts running hard, you'll be euphoric af and you won't be able to quantify what the numbers you're seeing actually mean to your life.
You'll just want more.
And that is a losing game.
So, let's say you want to 20x your $50k portfolio to $1m - which is an achievable goal in the bull run.
If that was my portfolio I would take profits like this.
✅ 10% at $100k = $10k
✅ 10% at $200k = $20k
✅ 15% at $300k = $45k
✅ 15% at $400k = $60k
✅ 20% at $500k = $100k
✅ 50% at $600k = $300k
You now have $535k in profits and $300k still in your bags.
💰 Total = $835k
At this stage you have achieved about a 17x, with the 20x pushing your total portfolio/profits taken close to $1m.
During this period i will also be monitoring the market to looks for signs of weakness and overextension, to exit completely.
Some key signs I will be looking out for are 👇
🛑 Mass Euphoria on the Timeline
🛑 Wild price predictions from big accounts
🛑 My friends asking me about meme coins
🛑 Instagram girls buying Crypto and sharing on stories
🛑 Coinbase app being number 1 in the app store
🛑 Confirmation of entering at downtrend on HTF.
When I feel the market gets to this point, I'll sell 80% of what i have remaining and lave the rest as a moon bag, because you will never truly time the top.
The remaining 20% will be sold once I'm 100% confident it's over(this may be after a bit of a retrace but its ok cos its only smol).
Essentially, I leave the 20% in the market to keep riding the waves if im wrong, but im also happy to lose a little bit on it to stay in the market.
I believe this strategy is superior is for a few reasons 👇
1⃣ It is completely based around your number which you set based on YOUR life goals(by far the most important thing)
2⃣ It's simple and easy to follow, shaving off a set amount at set levels from every project removes confusion(overcomplicating will lead to uncertainty and diamond handing)
3⃣ You get into the habit of taking profit early in the run which is a very good action to show yourself you can do(also if the market dumps earlier than expected at least you have taken profits)
4⃣ You will never time the perfect entries and exists and many people worry they will sell too early, causing inaction and not selling at all. Having a number removes this issue completley
Could this strategy be less profitable than dealing with each project individually?
Sure.
But for me, and likely for most of you, it's very easy to manage.
More people will end up losing profits due to over analysation if trying to deal with every project individually with a level taking strategy.
This way may net slightly less compared to it the other method was executed perfectly, but the likelihood of that happening is very low.
And at the end of the day guys, this journey is a solo journey.
It does not matter how much money i have, or anyone on here has.
Every single one of us has different capital, different lives, different responsibilities and ultimatley, different goals.
If you do not have this kind of plan in place, you will 100% get caught up in the mass hysteria and euphoria of the bull run, and walk away with nothing but deep frustrations.
If this is your first run, I CANNOT stress enough how important this is.
Please, please, heed my warning and use this strategy.
Your gains will depend on it.
Good luck to you all this Bull - you have the chance to change your lives, truly.
@BigBongBebeDong@teh_bag I think is the best joke ever :) I ask maybe 10 times in bag posts, and nobody answer. Looks like NFTs are censored under bag posts:)))
Ideas make sense. Actions make Dollars💰
$20 $DAG EOY on the table?
HGTP will leap frog ecosystems like #Solana
Folks be sleeping on @Conste11ation
Agree with this?
What's your #DAG assessment⬇️🤔
#Bullrun2024#Crypto#1000xGems
It's called Clipdrop,
A design assistant created by Stability AI. It can:
• Generate images
• Upscale (from 128p to 4k)
• Remove objects, people, and text automatically
• Replace backgrounds, and more
🚨#PromptShare🚨
Quick stop to drop a #prompt I really love: highlighting animals with a stunning light effect! ✨
A [color1 animal] in [environment] with a glowing light trailing behind it, rendered in Cinema4D, festive atmosphere, realistic animal portraits, textural richness, nature-inspired installations, light black and [color1]
Like, try it out and share your best creations with me.
Microsoft Copilot just launched AI music generation.
It's 100% free & insanely good.
Generate AI-composed songs based on text prompts.
Here's how to generate your music:
🤯 32.000 x 17.934px AI generated Images
Workflow One:
1. Midjourney V6 (downscale to 1024px wide)
2. MagnificAI upscale 1st pass
3. MagnificAI upscale 2nd pass
4. Pixelmator Pro super resolution 1st pass
5. Pixelmator Pro super resolution 2nd pass
I'm gonna show more ways to get to insane resolution, in the meanwhile enjoy this.
PS. Prompt was written in french...
Midjourney Prompt.
"Un très beau appartement design vintage grand avec un salon et une cuisine et de grande fenêtres, avec beaucoup de cadres d’affiches --v 6.0 --ar 16:9"
Within 12 months I expect #bittensor will be producing more business and economic value than $ETH.
With 32 #AI projects building on $TAO, the network effect is growing daily. TAO’s rate of adoption, growth and maturation is unlike anything I’ve ever seen within an ecosystem.
@MrG1397 @JediM1ndTrick@avaphoenix_@JustLive4It Yes I am curious too what happens. Maybe we can talk 5 years from now about that :) and we will be surprised. or not...
@MrG1397 @JediM1ndTrick@avaphoenix_@JustLive4It :) I am fan of the technology, I don't say that Constellation don't need marketing. I think every project need great marketing. But in different stage of the process. If you don't see potencial, go to another project, yes is that easy :)
@JediM1ndTrick@avaphoenix_@JustLive4It How they missed the boat please? They are building uniqueness. People just don't see it now. It's not about price always :)