Writing a plan, and knowing when to change it
Lesson 5 of 5
By the end of this lesson you’ll have a one-page plan for what you hold, a short list of signs that a project has failed rather than merely fallen, and a habit for catching the changes that need you to do something.
Put the plan on one page
Everything in the last four lessons fits on a single sheet. Writing it down matters because the plan has to be made while you’re calm and followed while you’re not.
Why
Your sentence from lesson 1
How much
The most you could lose outright, as a sum of money
What
Each holding, and where it sits on the risk curve from lesson 2
Split
Your split, in dollar amounts, as in lesson 4
Where it’s kept
Which exchange or wallet holds each one
How you add
The sum and date of any regular buying
What would change my plan
Events you can check, never prices
When you’ll check
The dates you set to go through this page
The “what would change my plan” line is the one people skip. Write it as things that could happen: “I need the money for the house.” “My reason for holding this no longer holds.”
Each of those is something you can check against facts on the day. A price alone tells you nothing about why it moved.
Never write a recovery phrase, PIN or password on this page, or where you keep them. It shows what you hold and where, so keep it out of visitors’ sight and out of shared folders.
The plan is yours, every line of it. This course has shown you what goes on the page and how to work the numbers; what you write there is your decision and nobody else’s.
Continue with The Crossover Pro
The rest of this story, plus two paid editions a week. $24.99 a month, or $249 a year. Already a member? Sign in above.
Subscribe to Pro