Discover the Unpopular Yet Vital Tip in Crypto: Take Profit đđ°
In the world of crypto, where excitement and risk often overshadow caution, there's a game-changing strategy that most overlook. Brace yourself, it might sound mundane amidst the thrill of speculation and gains.
Here it is:
Take Profit.
Face it, you're not the next Warren Buffett. Predicting the absolute market peak is a rare feat. And let's be honest...
Chances are, you won't have many more favorable cycles after the impending one.
So, resist the allure of being a last-minute genius during the bull market and instead, aim to be a bear market pro with a robust exit plan.
Consider this: Extract 10-20% of your profits monthly throughout the bull market. This approach avoids the pitfall of selling too early while safeguarding against the sudden downturns that characterize bear markets.
For those unfamiliar with the brutal realities of market cycles, here's a nugget of wisdom: at the bull market's zenith, if you're heavily invested in alts, a swift 70% portfolio plunge in mere days is not unprecedented. I learned this the hard way in 2018. Never again.
Remember, taking profit is not boring; it's strategic.
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