Guys, we just had a 5% dip, and you all are acting more emotional than my wife, who gave birth 2 days ago.
Not everyone will make it in a bull market, and these red periods are a significant part of the battle where winners will separate themselves from losers.
> Big shakeouts are part of the bull > Dips are opportunity > Most people here FOMO back in after 1-3 green days > Just to sell at the next dip again
------------- Here are a few things that can help:
- Zoom out: > Don't watch the lower time frames > 1-day or even 1-week charts at the lowest
- Cycles: > Markets go up a lot in the bull market > Don't believe that your newly acquired trading skills will surpass it > You can play around on the intra-day again in the bear > Don't ruin this bull market by trying to be the cool scalper
- Leverage: > Eliminate it > Spot and chill only
- Do less: > Make a list of a few tokens you think will do well > Mark out HTF support > Wait for the panic > Scale in on the 5-40% red days and nothing less. > Don't buy on the green days > Don't sell trying to buy back at lower prices > Don't try to chase all short-term trends and plays
TLDR: 1. Do nothing for 29 out of 30 days 2. Buy spot positions of the coins you think will perform well on days when the market dips 10-40% 3. Return to step 1.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.