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
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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.