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Do you actually have a plan for the next bull cycle?

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by COINS NEWS 78 Views

Or do you just tell yourself that you will take profits?

Without a written down precise plan you will most likely be tempted to ride the wave higher and then feel stuck on the way down bag holding.

A couple of things that I took into account last cycle that really helped me:

  1. Previous resistance zones heading back to ATH. Yes we can argue all day whether or not TA is real or astrology for men, but it can’t hurt to set levels to take profits before the big ones.

  2. Take into account the fomo and absolute excitement of the next bull cycle. Set sell targets at realistic prices that will genuinely make you happy you made that money and feel less fomo.

  3. Journal every time you feel fomo as it’s going up and how much you “regret selling”. You’ll be able to have a good laugh at yourself in the next bear market and remember for next time.

  4. Pay attention to what price targets YouTubers and influencers are aiming for, take some profits well before.

If you guys have anything else please feel free to share im always trying to improve and learn

submitted by /u/SkoopskiMarvin
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