A little moons strategy I thought I’d share (follow at your own risk)

So I’ve done this a few times now just as a way to get a couple more moons per distribution, but of course it’s crypto where nothing’s guaranteed and anything can happen, so I only do this with maybe 5% of my moons tops, and if you’re gonna try it I highly suggest you don’t do much more than that either.

The idea is that every distribution, there are people who just take profits right there into ETH as soon as they get it, and enough people do this that there’s a fairly predictable temporary dip, until buy pressure (meaning people like me) comes in and buys that dip.

A couple months back I got the idea to just sell a bit the day before distribution, make sure I’m awake for the time it usually happens the next day, and then just buy it back at a slight profit when it happens and that little monthly sell off event occurs. 5-10% may not seem like much, but for 1 day that’s not too shabby, and thankfully fees are so low on nova that you can do this with a relatively small amount and it’s still profitable.

Obviously I’m not getting rich this way, but I’m making about the same amount as I did providing liquidity, and the risk is pretty comparable. Just an idea, obviously don’t do anything crazy like ride your entire bag on that strategy and then get mad at me if the price spikes for whatever reason, but I just thought I’d share this little method I’ve been using to squeeze a couple more moons out of distribution day!