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Bull market plan suggestions/strategy

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by COINS NEWS 53 Views

Hi, all, hopefully we get a few pullbacks but it does look like this is the early stages of a bull. i am coming up with strategies for DCA'ing out during the bull. My plan is to do a few stages, starting with a certain percent increase from average position (say, 40-50% up), then i would start DCA'ing out by taking a certain percent of the coin amount and start taking out 10% of my chunk, then wait a while until we are 75-100% of original position and take another 20-30% (im assuming doing it this way instead of my new average position after selling is the "right way to do it" (?) and keep doing graduated increases in DCA'ing out as we go up. im sure the sliding scale might change on this, but i will try to find tune it later.

-Each big sell chunk will first go to CB (american here), then immediately to an FDIC insured debit or money market acct. depending on how well the bull goes, may have several different accounts that go up to the $250k FDIC insured amount. Keep it there and maybe decide to robinhood gold or webull the cash at 5% (assuming they are FDIC insured as well).

-So, after that, if we do very well, i plan to hold maybe 2-5% of each coin in case up late bull pumps (maybe not for every coin, but for the ones with sizable cash bases).

-Also plan to save maybe $10-20k in stable coins. This leads to my next dilemma. USDC and USDT are great to have for transfer and buys on exchanges for the weird alts (very hard sometimes for us americans to get), but who knows WTF is going to happen to them. What if they get slammed by the gov? If it was totally safe, i would just find the safest defi space to stake at the highest reasonable, safe APY. Alternatively, i would possibly stake DAO as a defi stablecoin. Not sure which of these two options you prefer. Either way, what is the best possible place to defi stake with the best yields? I've been staking directly on ledger for things like ADA but you cant stake everything in yoroi wallet (i wish you could, but the yields are pretty weak anyway.).

Any other bull market plans you can think of would be appreciated. What do you think of this preliminary plan? Obviously it will be extremely difficult to actually DCA out perfectly streamlined, and we will have pullbacks and sell pressure all along the way, but this is at least a decent blueprint for how i want to behave during the bull. what do you think?

submitted by /u/ws8589
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