Daily General Discussion - November 11, 2020

Made this post couple of days ago..

I'm looking for risk minimization (aka mental wellbeing), not profit maximization. You should definitely ask yourself why you are selling. What is your goal here? For me it's some financial freedom to work on my own stuff (podcast) for a while.

So I made a plan (on paper, it's in front of me rn). About 20 small sell orders in €25 steps starting at €375 (10% of portfolio) to have some money for the foreseeable future. Selling another 10% in 2.5% positions* at 4 major points: €750, €900, €1050, €1200. Another 10% at 2.5% intervals at €1500, €1700, €1900, €2100. I will have sold about 30% of my total portfolio by then, recouping my original investment + ready set go for whatever is to come. The upside here is that I can put these limit orders and relax.

Two 2.5% sells at €2250 and €2500. And then i'll just sell in 5% steps, at €3000, €3500, €4000. That's about 50% of my portfolio. The other 50% is tbd. If we really get to €6k/€8k I'll liquidate up to my entire portfolio, but my intent is to keep half for staking.

*what I mean here is, say my portfolio is 10 ETH, I'll be selling 0.25 ETH x4 for a total of 1 ETH.

/r/ethfinance Thread Parent