STFR – Sell The F’ing Rip

The Stocktwits team and community have really pushed #BTFD (Buy the F’ing Dip) into the mainstream. This weekend New York Magazine had a spread that included a chart of BTFD crypto terms.

Today, I wanted to mention the other side of BTFD which I call STFR. It’s a term that may never ‘meme’.

I have been known to sell early.

I have learned to do it better over the years, but I am still very consistent.

Fred Wilson wrote about it today on his blog as it relates to venture investing. He calls it ‘taking money off the table‘. He and I chat about it all the time when we meet.

I have ZERO control over most of the public/liquid investments I make. I am not on any public boards.

I had NO idea that the boom the market boom and crypto boom that really took off the last couple of years would take leading stocks so far and so fast. I have a plan that I follow that sells stocks on the way up.

Here is a chart of my 8-80 stocks (daily rebalanced, equally weighted) for the last couple years:

(Thanks JC for building this for me and YES I do plan to launch a very low fee ETF of this in different weigting variations when time permits).

Rarely do stocks trend this smoothly. I can guarantee that chasing stocks at today’s prices will leave most with 20-25 percent drawdowns at some point soon. By selling pieces along this amazing trend, I am now in a position to continue riding my 8-80 stocks and even adding some into 10-20 percent corrections which for this list I prefer to do. Here is the list again:

PS – Speaking of STFR, a great read on all things crypto is Ryan Selkis.

I think about all the rips I have sold in Bitcoin and Ethereum, now EOS and ZCash and it blows my mind how wrong I have been but how right the odds say I should be at some point.

Today he tweeted this:

This post he has titled ‘95 Crypto These for 2018‘. Take the time and read it this week. So many gems and links to keep you learning.

Have a great week everyone. I am stuck in frigid NYC working.