First published on https://www.bulbapp.io/
Good morning/evening
Let's talk about taking profits......
Having an exit plan is essential in my opinion, especially when husband and wife do not quite agree and therefore have to come to some sort of middle ground! If our, then decided plan is written down there can be no confusion and no arguments! It took a while to 'negotiate' but it seems both of us are in agreement and happy with the plan. It is almost a DCA out, just quicker and some of the ledger savings BTC stay put.
We have a good selection of indicators that we are using as well as a minimum figure that we are aiming for. Again I may be being conservative here. I am also aware that a little while back when there was a bit of a dip and all I wanted to do was buy, but everything was slow. Kucoin was painfully slow and it took over an hour for our trade to show up and I am expecting there may be some issues on that front.
So for BTC the plan is in place, as much as I would like to HODL my BTC forever lol, we will not. A percentage has been set aside for that, the exit plan is for the rest. We want a new car (our son is almost at the age for driving lessons and he will have our current car). No it won't be a Lambo..... our roads are just not ready for that.
Not a Lambo type of road.
The rest we have no plan for yet other than a vague idea but as it is the SOL, staked TIA, AVAX and such like it is OK for now but we will work on a 'take some profits' plan for that.
So far with some of the microcaps I/we have been conservative.
When MUBI did a 2x I took out the initial and have let the rest ride
Again when PERC did a 2x I took the initial out.
I let this one go further and waited until AGI had done a 12x then took out 50%
With the profits from MUBI and PERC I/we then bought some XAI and ALPH which are both up a little.
So the MEXC account looks healthy. It is only a small percentage of the portfolio in total but it is nice that the time and effort into researching and picking the tokens for my first attempt at microcaps is mostly doing well. I have a few that are on the 'naughty list' SHRAP, 3ULL and CHIPI! There is time yet and nothing I will lose sleep over.
My reasoning behind taking early profits probably stems from the Helium days where we watched the token go all the way up and then all the way down and that is not a nice feeling, especially if it is a token you are not sure will still even be around in the next cycle. I am determined to not be that person again.
As this is my first real bull run (the last one I did not have a clue there was even a cycle!) This is unfamiliar territory, it is sometimes hard to believe the figures from some slightly leveraged BTC. (Small enough that I can sleep at night) I am also aware that this is all unrealized currently. I try to not get too excited as there is still a chance I can still mess up but we did have a small celebration tipple when BTC passed all time high. It is a very strange feeling when I wake up and check the portfolio, almost like 'what have I done to deserve this'! I would also say though that it currently feels like the hard work and effort is paying off.
It had to be the gold bottle and the owner of the shop takes BTC!
So do you have a plan to take profits? What are your thoughts?
As always this is just my honest 'what have I been up to' post as I like to document my journey, thank you for reading and please feel free to comment.