My 2024 Dumping Goals - 𝐃𝐮𝐦𝐩 𝐎𝐫 𝐆𝐞𝐭 𝐃𝐮𝐦𝐩𝐞𝐝 𝐨𝐧!

2TSj...cEUn

7 Jan 2024

You messed up in the previous bull market, didn´t you?
If you did not, you were probably not even there.
If you did, you are in good company because many learned it the hard way.
In my case, it was not even so bad.
Bad made mistakes, I made a few. I've had my share of worthless bags kicked in my face. But I've come through.
In a bull market one tends to lose his/her/its focus as the trees seem to reach heaven and all coins are mooning (except the one you are holding, of course).
And mankind has one common natural talent; GREED

Greedy Babies

Now greed is not purely a bad thing, if you play it right it can make you wealthy. Playing it right means, being disciplined and getting rich due to other people being greedy.
I personally sold the top in November/December 2022 because I was disciplined and did what I planned on doing.
But this baby was stupid and greedy, this baby did not trust in the real deal, the real cycle. No, this baby thought he was smarter, that this was a supercycle, and that Luna crashing was just THE buy-the-dip opportunity.
Well you all know what happened (if you don´t Google Celsius, 3A´s, FTX)

No Rookie Mistake, but still a costly one

I bought back into the market way too early, around 40K. So I did not make the rookie mistake of buying the top blinded by greed (those who did thanks for being my exit liquidity hope you learned your lesson).
So in April, I went back to buying way too early, and the worst part I did not buy Bitcoin. I kept buying ALTS. BTC only dropped 50% as of that point but I´ve seen my ALTs go bust really from a dollar to less than a cent.
It makes sense if things can do a 1000X up, they can do a 1000X down. So there you have it this baby messed up nicely and lost about 10K of the 12K profit I walked away with in November 2022.

Second Chance

Fortunately, the market might offer us a 2nd chance, might because this is crypto.
If you have been there, and you are still around: Congrats.
You stand a much bigger chance to succeed this time, if you have learned your lessons and remember what old Albert used to say:

Enough Baby BS

We are not living in the past, only learning from it ..... if you are lucky that is.
So what inspired me to inspire you, it was this post by @acesontop .
Now he brings up financial goals, like doing a 10X on your investment this bull run, and then compares it with people going to the Gym at the start of the new year as they have a goal set for 2024.
Now many lack the discipline to follow up on those goals, the gym rats get lazy, and the crypto noobs get greedy.
That is why you need dump goals instead.

Dump Targets

One thing that made me turn $200 into $2400 last Bull run was dumping goals. I did not have much, and even less I could afford to lose. So I started my crypto trading with $200.
Now what I did doesn´t really make sense for those in the US or those trading huge amounts as keeping track of all the micro trades for tax reasons is a crime. But if like me you just have to pay tax over your gains at the end of the year, it works fine.
I just did the swing trading thing, bought the dip, calculated about 7-10% up, and put in a sell order.
Now that takes discipline because you are only human and if you see that token do 40% and you only took 7% hindsight is a bitch.
The discipline paid off, I did not get Rekt and made a decent bit of money. Now those were hard-core dump targets. But this time I am in a position to improve that strategy.

The New & Improved Dump Target Strategy

I accumulated in the bear market, something I was unable to do last time because I was late to the party.
This allows me to stretch the profit margins of my dump goals.
What I mean is I am not in a hurry to sell, to buy the next 10% dip. I have some stables left to buy the dip, but I have done most of my investments already.
Therefore the plan is not to diamond hand throughout the Bull Market and end up a bag holder again. But to set Dump Goals and not look back!

Dump Goal Example

Now one of my Personal favorites is Moonbeam/$GLMR dyor if you want to know more about the token it´s a Polkadot Parachain.
I got interested in MoonBeam (GLMR) right at the end of the last bull run. I bought my first token at $2.20 and my last one two months ago at $0,17.
I am holding about 1800 tokens atm.
Now I did not buy a lot at $2.20 but I do think that my average buying price is just above or around the current buying price of $0.44.

Targeted Dumping

I divide that bag over 4/5/6 dumping targets.
First, I will sell 20% at $0.79 - That gives me a break even on 40% of my investment.
Second Dump 15% at $0.99 - Now, I am definitely out of the woods on the investment.
Dump #3 I will take at $1.22 for another 15% - at that point, I am in profit & $1.22 is my most conservative top.
Now I will start putting some stop-losses for the 50% I have left (yes you can do stop-losses in Spot trading).
I will put them basically at the previous dump points ( except for dump #3 because we just took that one).
Of course, I am a little greedy looking for that ATH:
The ATH is around $10 at the launch, now if a coin only does an ATH at launch it might be priced wrong from the start. At the same time, it makes a nice dumping goal.
Dump #4 will be around $2.20 for another 15%
Dump #5 at $4.44 for 15%
My last dump will be at $22 for 20% - putting in a stop loss at $8.88 if we ever break the ATH.
Dumping Goals Set, now it´s time for patience, discipline, and no regret. Oh and time to set dump targets on the other 70+ ALTs I own.

Bikini Bottom Line

Plan your dumps, set those targets, be disciplined, and don´t reach for the stars when you can have the moon.
It truly is that simple, I see many people flocking back into crypto. Many have not learned their lessons yet.
So much exit liquidity for you and me, if we just take our dumps on time.
Plan your profit!
You don´t need 100X because 10x10X is the same and a lot safer.
Dump on those tourists on the way up, and use those profits wisely.
Don´t buy the next 100X shilled coin when the bull market is in full swing.