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Whats you strategy this bull run? Please criticize mine

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by COINS NEWS 48 Views

I ve been DCA-ing for the past 3 or so years. So this week is the first time I ve Set Up staggered stop losses for all my cryptos. 20% on -10%, 25% on -15% and 25% on -20%. So 70% of my total crypto is in a stop loss.

I continue to adjust these values to higher prices. Also I live in Germany so most of my holdings are tax free which is great I guess. When the sell will trigger I will wait until a crash or a bear marker to buy back in again.

Afaik flash crashes are common in crypto and I may get some or possibly a lot of slippage if I am unlucky. Also these will trigger my positions and I will have bad luck when the price moves up very quickly again afterwards. In that case it looks like I ll have to wait.

Otherwise this is the first time I am really thinking about selling, well to eventually buy back in again. I don't need the cash right now.

So what are your strategies and can you think of more things that can go wrong with mine?

Edit: This is the first time ever I started trading so any advice is very welcome!

Edit 2: I only DCA'd in, never out.

submitted by /u/WalterEhren
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