Yung Zo
@yungzo
Crypto Targets and Exits This is a placeholder post and a reminder of thoughts I have lingering. One thing I’ve noticed is that psychology of greed is real. It’s easy to see TOP PRICE TARGETS in CT and think “I’ll cash out everything at this target” The problem is, the price target never gets reached and your stuck holding your bag feeling salty and only capitulate when your near or below cost basis.
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Yung Zo
@yungzo
I literally sat down last night working on reasonable alt szn targets based off of @bitsbitsbits thread: https://x.com/bits_bits_bits/status/1860339272617775328?s=46 Let’s say I have 1,000 $WIF. I believe it’s reasonable that it hits $10. 1,000x$10 = $10,000 Then you see CT targets and it gets you thinking greedy. 1,000x$40 = $40,000 1,000x$100 = $100,000 It’s very easy to get lost in this type of napkin map and start planning only for the highest price target that fits your bias.
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Yung Zo
@yungzo
I hit my spreadsheet last night, created a tab for each wallet then tracked each coin. I’m a very simple trader this time around. $SOL and $WIF and that’s basically it. So this exercise has made me setup 3 price targets and a moon target. Target 1 - Attainable Target 2 - Should be attainable Target 3 - I hope it’s attainable Usually Target 1 is enough profit to make the stack a free roll and everything after that is FREE MONEY! Target 2 should for sure make my stack FREE ROLL and everything will be FREE MONEY! Target 3 is where you do not want to get greedy. You don’t want to move the goal post back and be left hanging onto things. Moon Targets are moon targets. On the chance that it gets hit, you just enjoy the mass profits. If it doesn’t hit, and you want to sell your bag, then you have to remember it’s ok selling going down as it’s all free money at this point.
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