Hey Klingers! Our StakeMines Channel is only a month old, and we've already given away over $1,000 in ChatPicks & Giveaways. It's been amazing so far, and I'm grateful to my followers, @kick@Stake & @StakeEddie for making it happen. Here's to more great times ahead!
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@Stake@kick@StakeEddie
only took 3 days to get top 200 in OW2 🥱
to celebrate, let's do a $10,000 giveaway, 5 winners, $2000 each. LIKE, RETWEET, & REPLY WITH A BTC ADDRESS TO ENTER.
Making life-changing gains in this bull is actually very simple.
After experiencing 2 bull runs I have been through every part of this game.
Here are my Top 7 tips for changing your life in this bull run 👇
I am not saying making it is easy, but it is simple.
1⃣ Do not FOMO into green dildos
In a bull run prices will keep pumping further than you expect, so buying a green candle may be your only option. But the reason why I feel this one is very important is more for the psychological aspect.
Buying green candles increases your chances of being dumped on short term, and if you are investing emotionally(buying green candles out of fomo) then you are likely to jeet your bag at a loss if you get dumped in quickly.
Always try to wait for a pull back.
Or if you must ape, ape smol and DCA in if you get the chance. If you don't, don't worry there will be another opportunity.
2⃣ Do not jeet your bag at key support
The idea of this game is to buy low and sell high.
If you are riding a bag long term and you haven't taken any profits at the top of PA, do not sell your bag on a downtrend.
We saw this happen a few days ago when BTC dumped to $60k, everyone was selling their bags at key support out of fear.... then the next day BTC rallied 12%.
In a bull run you do not sell at support, you add.
In a bull run you do not buy at resistance, you take some off the table(if you dont want to just hodl).
3⃣ Ensure you have a profit taking strategy
You have heard this one many times, but that's beacsue it is the most important rule in the whole game.
In a bull run, making money is easy, keeping it is the hard part.
Either set profit levels for each coin, or set take profit levels for certain levels that your portfolio reaches in total.
4⃣ Do not buy back into the same project higher
This rule is the one that rekts people the most if they don't follow it.
If you sell a project, do not ape back into it higher up. This is a decision based off of FOMO and those decisions always end up screwing you over.
Take your profits and move on to the next. You can also leave a 10% moonbag in the projects you're invested to avoid this happening.
5⃣ Only reinvest a certain % of your profits
Like I said earlier, making money is easy in the bull, keeping it is hard.
Once your secure profits, make sure to only reinvest 20/30% of them into new opportunities.
There will be so many projects launching that if you're not careful you will FOMO your profits into the top of new hyped up projects, and end up losing them.
You do not want that.
6⃣ Never have more than 20% of your portfolio in one project
Diversifying is key to achieve success, for a few reasons.
If you hold too much in one project your portfolio it will swing violently up and down, causing emotional reactions which will lead to emotional decisions.
You never know what can happen. If you hodl 50% in one project and they get exploited, you're fucked.
In addition, a well diversified portfolio will have you in a position where some projects will be pumping and some retracing on the same day.
This creates a balanced portfolio where you are not over exposed in one area.
7⃣ Do not fall in love with any project
No matter how great you think a project is, do not believe it to be immune to market mechanics.
No matter how great something is... it will dump eventually.
You must ensure you see your investments and that, just investments.
Too many a people have fallen completely in love with a project, diamond handed it all the way and all the way down... only to hate it in the end.
Good luck my frens.
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.
The last few weeks have been extremely good to us in the Syko TG 💰
Everyone in my Free Telegram has had access to these winners 👇
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$FEDAI - 7x
$RKR - 11x
$FBG - 5x
And this is only the start!
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