Guys... No need to time the top.
- Set a financial target for a comfortable life for you + loved ones.
- Add 30% to that as a safety margin.
- HoDL your coinage until half of it is worth the above target.
- Sell said half of coinage (be careful how you do it).
- HoDL other half.
- Enjoy your life.
- Reap the new profits gained by your HoDL stash.
- A comfortable life is not a lazy life. Be productive.
- Keep working if your job is creative and enjoyable.
That's my plan.
That doesn't work for me. I don't have a specific financial target, and lifestyle can be flexible after a certain point... But I definitely want to catch
this top and sell 20-25% instead of missing it and feeling stupid just because a predefined "financial target" was a bit too high.
I want to retire and enjoy life
now, ok well maybe I can wait 2 years, but not 6 years! No way.
Catching the top is tricky though, esp. for a non-trader, so I'm thinking of selling 1-2% at every ATH, or something like that. It's too early to think about the exact strategy, will figure it out later. Maybe even oversell a little bit to rebuy later? For a non-trader that's playing with fire... might risk it anyway.
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