Everyone talks about what and how to buy crypto, but no one talks about when and how to sell crypto.
I was just speaking to a member of ours who has been through 2 cycles and never made any money.
This is due to not having a SELL STRATEGY.
Your sell strategy is far more critical than your buy strategy IMO.
I know this because my first cycle, I didn't have one.
My following cycles, I did and I made life changing amounts of money.
Anyone can buy crypto.
It's the selling that's the hard part.
When?
How?
Into what?
It's a long, drawn out bear market, and then all of a sudden, the bull market arrives, and your portfolio is growing to numbers you didn't think were possible.
But now you think you can make more.
You think you're a genius because you've 5/10/25/50x your portfolio.
Now you're emotional.
In this state of panic, you'll most likely see your portfolio go all the way up and then all the way down.
This is because you don't have a sell strategy.
Now is the time to set this up.
It's how I made as much as I did in the last cycle because of a sell strategy.
Write down the following:
- Your Assets
- Your Target Prices
- A DCA Sell plan (i.e 10% @ x, 20% @ y etc)
- How you will sell it (i.e Uniswap > ETH > USDC > Fiat)
Mark these down and save it.
Execute without emotion in a bull.
It can be the difference of actually making money or not.