I'm sure most of us in the cryptocurrency scene are feeling the gains right now, but I have a question for the community...
What is your strategy in times of surging profits?
I've put much thought into balancing my portfolio into a much more risk adverse position. Question as always is when. I've begun to set limits on when to pull out, but getting over the psychology of the move is still challenging.
I'd love to get some input from the community. This is a great learning opportunity for all of us.
Thanks as always!
Bradford Tennyson
I am new to this type of currency but am familiar with stock options and some futures. It would seem wise to take about 50% off and keep the powder dry for a downturn. This has not worked in the stock market this year but markets never go up forever.
Thanks for the response! 50% seems like a very aggressive move. Would you execute that at the height of a coins value (ie. Bitcoin right now)? I've thought about scheduling a portfolio re-balance on a semi-annual basis, but haven't fully planned it out yet.
Congratulations @bradfordtennyson! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPThis post has been ranked within the top 80 most undervalued posts in the first half of Nov 28. We estimate that this post is undervalued by $9.46 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 28 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
I think 50% would be reserves you use to take advantage of a down move.
So 50% in fiat (USD)?