OldGeek
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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November 28, 2013, 07:52:15 PM |
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Im thinking of ways to change my long-term strategy. All-in or all-out is just not flexible enough for me. The overall plan disregards my mining revenue, as it will always go into cold storage, and items for everyday consumption will continue to be paid in fiat. Therefore, my strategy only deals with my disposable, discretionary, income.
So far, I have the following as a working model: 1. One-half of the funds go into btc for cold storage ( to be kept until ::shrug:: ) 2. The other half goes into a crypto trading account 3. Of the funds in the trading account, no more than 50% invested at once. The remainder (trading reserve) used to catch corrections as and where possible, then cashed back to the trading reserve. 4. Monthly profits from the trading account (yes, big assumption there) will follow the 50% rule from 1 and 2 above. 5. Revisit the model on a quarterly basis and adjust as required.
This seems like a reasonable plan based on my risk tolerance. Reasonable is relative of course, but I would like some of you old timers to point out any flaws that I may have overlooked.
/Frank
Turkey on the table, so I'll be back to catch the flak later.
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