Thread by @redphonecrypto

The bulls are flexing in the street

Has the mother of all rallies begun?

Hell if I know

But if it has, let me tell you this: what's about to happen just might defy belief

Bull markets are full-body experiences....

More 👇

During the last crazy run-ups (2013 + 2017), I checked my phone like a gd slave. In December 2017, it was weeks of my positions going up double-digits every 24 hours. I'd check my phone before I walked into the store to buy some bologna....

2/x

By the time I walked out I'd have some good ass bolgna + be $10k richer. I'd watch an episode of Silicon Valley... check my phone... $10k richer

I'd log into Binance like a kid running around at the arcade with a bucket full of quarters. Just throwing money at stupid shit

3/x

It doesn't really matter in a true bubble. It's hard to lose

What's really hard, though, is checking out. It's selling a position you've spent all your spare $$$ building up. Some of my winners I'd been holding for 4 years. I felt sick selling them

But I had to.

4/x

The only way anyone can do that is if they've got a plan...

I hear people coming up with all sorts of plans to "call the top" of the next bull like they're savant ass autists who know every chart pattern in human history

5/x

But who really gives a shit about the "top" if you know exactly how much you need to retire and you get there well before the "top"? You just hit that number and you exit the game with a grin

Leave 25% in the market if you've got to... 50%, whatever....

6/x

But you'd better have a number for when you're going to pull out your rake and spoon some mad cash into your bank account

If you don't, you're f'd. Let's say you hit your #, and you don't even realize you hit it until after the market tanks and you're stuck...

7/x

... working your shitty ass job for the next 10 years. You sure as hell ain't going to feel like a winner then

So I say redirect some of your shitcoin "research" time into making a spreadsheet and figuring out exactly how much $$$ you need to retire

8/x

Draw up your expenses... calculate how much you'll have leftover after you pay taxes on some huge ass crypto gains. Then, assume about 5-7% a year in income thanks to some "safe" dividend stocks, maybe an annuity and some cefi stablecoin income...

9/x

then you'll know how much you really need to exit the rat race.

If you don't take the time to do that, why tf are you "investing", anyway?

Just a friendly PSA from your 🤡 fren

10/x

Ignore it if you want... then you can just be the price floor for the rest of us sellers

Just kidding (I think)

I love you, CT

+ I bestow upon you a beautiful red 🎈 on this beautiful boolish day