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.

For me here’s where I was able to ground myself and realize some hard facts.

Going back to my example. 

1,000 WIF x $1.50 = $1,500 Cost Basis

I have a higher probability of hitting targets 1 and 2 and selling 25% (250 WIF) of original stack at each target.

That return itself is probably 2-4x your original cost basis.

We easily get lost in hitting the TOP TARGET with our entire stack. That is not the way. Some people get lucky, but that’s soooooo much risk. 

You can almost guarantee yourself 2-4x return by just planning these sells.