The single most underrated crypto skill is…

Let’s talk about one of the most important, yet underrated, skills in the crypto investing journey – selling! As we approach the exciting phase of the bull market, there’s no better time to learn how to lock in those gains. I firmly believe you should have a plan and know exactly how to sell before this bull market really takes off.

Why? Because the bull market isn’t the place for trial and error; it’s where you execute.

Too often, new investors focus all their energy on accumulation, but you also need to have a strategy for turning that profit into reality.

In other words, you need to know how to press the sell button!

I’ve seen it countless times – investors get caught up in the excitement and don’t take profits during their first bull market. Some even ride their gains right back down to the floor. Why do they do this? It’s simple – they think the market will keep going up, and they let emotions and greed take over. It can happen to the best of us.

The other reason is that new investors are entering the arena against investors who have been in the space for years and are sitting on large profits ready to sell. In other words – when you enter the market too late, you may be someone else’s exit liquidity. And we don’t want that.

That’s why preparation before things heat up is crucial. You want a solid plan that is built on logic (something that can go flying out the door when we see those numbers start to climb!).

As I always say: Have a plan when you’re not emotional, so you have a plan when you are.

So, what does a basic plan look like?

Know your numbers: Will you sell when your crypto reaches a certain percentage gain? Or is it more about removing the initial investment? Define what your sell numbers are and write them down.

Know how to sell: Are you familiar with the exact steps required to sell each of your cryptocurrencies? What exchanges do you need to be familiar with? Practice with smaller amounts now.

Materialise wealth: Have you thought about how you will materialise your wealth? What do you plan on doing with the money from your crypto gains? (more on this in an upcoming email)

Things are going to heat up very soon, so let’s ensure we’re fully prepped and ready.

Remember, when a bull market moves into the exponential growth phase (in other words, lots of price movement), our strategy should shift from less focus on accumulation to some serious profit taking.