It has been a gloomy market for a while now and, being the noob that I really am, a feeling has been nagging me for some time.
How come I’m sidelined now that the market is down? All went super well before and I was buying and trading like crazy throughout 2021.
Today it finally hit me, a realization that prob most of you already know: understanding the market is to be thinking counter intuitive.
I should have sold all my assets mid August when the market was soaring. Alas, every viber in my body was screaming to buy, buy, buy.
And now that the market is down, I cannot participate bc all my money is invested.
It is a wasted opportunity which, next time, I hope not to miss. Selling my assets when the market gives a nice profit and stay my hand untill the next bear market. That way I will be able to participate and make money even when the market is down.
Prob a no-brainer for most of you cryptonians, but to me its a new insight.
Here before someone chimes in with that fucking buffett quote again.
Most successful investors/traders are able to shut down all emotions… you will always remain the best! RIP mr Goxx
Yeah I do this too. Eventually I would like to always keep maybe 10% of my total funds in stable coins so that if there is a crash/huge dip I can capitalize on it
Similar story. I finally took some gains during the last peak while my portfolio was sort-of up and it feels so much better having some USDC in there. I’m now *looking forward* to the big dip I used to be afraid of lol..
And if it doesnt dip.. even better 🙂
I do this only with 25-50% of my position cuz im still a half moon boy, but i got a wife now so i gotta be semi responsible
Learn, adapt, progress
Next time it’ll be different
tldr;Take your ***profits***.
And is it too late today? Is this the floor? Just a reminder that we all know shit about fuck!
I took profits earlier and of course it went up. Long term yes. But it’s a grim couple of weeks ahead. Gotta pay bills.
Do you want to be successful? Do not pay attention to the financial advice of this sub and do whatever you think is best for your investment
It’s all priced in
You need to control your emotions!
Your failures is someone else’s gains, it’s all about perspective from how I real this post. Experience is the best teacher
This is just life advice that applies regardless of crypto
Should have could have would have. Less of a problem with a long play.
Russia invades = dump
Russia withdraws = pump
The market is that homeless man on the subway asking for money. You think you have him figured out, but then suddenly he gives you a dollar, and while you try to process what’s happening he throws feces at the wall singing Celine Dion deep tracks. That’s when you notice your wallet is gone.
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This lesson is the hardest to learn. And you need to keep refreshing it to not fall for it once again.
Everyone’s smart during a bull market. You drank this sub’s Kool Aid and bought at an ATH. You’re now forced to hold, sell for a loss, or hope you see another ATH again lmao!