Help reblog this, please...
In my last post, I was mulling over confirmation signs for market bottom through DXY and mortgage loan interest tapering.
Deep inside I was really worried that the market rebounded too quickly. Not because I have not accumulated enough, but because I have not finalized an action plan for the bull run.
This is a serious matter because bull run can make people dumb and lose all that is gained very quickly.
I desperately need a "Note to self" to remind myself in the bull run.
These are the points in my note (certainly not financial advice, but something that I think I need to do for your reference!):
Take profit and lock it. Having a profit taking plan is important.
Keep track of the overall portfolio allocation and rebalance regularly. This rebalancing should extend to ALL investment classes. Risky and speculative bets should be minimized.
Ensure that there is savings for daily living needs, retirement planning and emergency FIRST. This safety net is the best predictor for holding power in case of a dip.
Don't chase the green candle. Never with a lump sum fresh funds. This is FOMO!
Diversify, remember Terra Luna went down quickly. Any project can fail overnight!
The game plan is to take back the capital as soon as possible, and then let the profit run. Play with the house money.
Don't trust token shilling "moon" talks by the YouTubers etc. They could be paid to pump the tokens.
Keep the number of crypto tokens/projects under the rader and in the portfolio small. No more than 10.
Keep greed and fear in check, always. Don't fear when the fear is showing in the fear/greed index. Ditto for greed. Train the mind to react differently.
Set trading entry and selling price after thorough research and then leave it. Rinse and repeat.
Be clear what are the hodling assets and what are the speculation assets. Weigh between the benefits of staking and liquidity. Liquidity may be more important in the bull run in case a sell is necessary.
Alright, these points seem haphazard. But they are worth revisiting and serve to guide my actions in the bull market. I shall chew on them myself and let it concretise.
Now I feel better, I have a plan that I think should keep me safe.
I seriously think everyone should have one of such plan. Why don't you write one and tag me on it so that I can read it.
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, 
