The absence of a clear plan always leads to losses over time, as a person inevitably finds themselves in situations where they simply do not know what to do. To stand head and shoulders above the majority of market participants (the 'hamsters'), it's important to internalize this.

Having a clear action plan frees a person from pointless actions and from paralyzing inaction (depending on the circumstances).

To begin (as I mentioned earlier, but of course not everyone read it), one should start by establishing a rule that as soon as the desire to buy a coin (any coin and for any amount) arises, they must make a note for themselves like:

1. Why am I buying it - for profit with a long-term perspective.
2. Why am I buying right now - because there was a drop in the coin's price and it has significantly fallen compared to the average price in recent times.
3. What is good about this project - it has its own blockchain, an active team, verified funds, transparent documentation, a lively project Twitter, etc., etc., etc. (For more detailed analytics, read previous posts; this is just a note to outline the general ideas after analyzing the coin)
4. At what price will I sell - 2x the purchase price.
5. What will I do in case of a drop of more than 50% - buy more at the same percentage of the deposit.
6. What will I do upon reaching 2x - sell half, taking back my investment and leaving the free coins until the next target (or sell completely).

You can come up with more points, but these are the main ones; without answers to these questions, one should not buy anything under any circumstances.

By creating such a note, you free yourself from the chaos that will inevitably arise if you buy a coin just because, and after the first drop, you'll panic not knowing what to do, asking questions in every chat. You will also free yourself from similar chaos that will surely arise in your mind if the coin immediately gives some conditional 30%, as you will also start questioning yourself, 'maybe I should sell already' and duplicating these questions in chats, confusing others who also lack a plan even more.

IMPORTANT!!! The absence of a plan ALWAYS leads to chaos, chaos always leads to rash decisions and actions, which in turn ALWAYS results in losing money over time.

Closed club - $