Be Rational in This Market 🐻
Let's address something that may seem counterintuitive: maintaining rationality in this market. Amidst this bull market frenzy, brace yourself for crashes. There will be mornings when you'll wake up to a -40% on your portfolio. It's a recurring pattern in previous bull markets, and anyone claiming otherwise is misleading you.
Most crypto investors falter because they believe they're adept traders. They see profits soaring in their portfolios and deem themselves geniuses, oblivious to the fact that everyone's portfolios surge simultaneously.
But those who stand out, who thrive, are the ones who sell strategically, keep their cool, stay rational, and adhere to their plans. So, set an investment plan now. Grab a pen and paper, jot down your total investment amount, your acceptable loss limit, and your desired goal.
Define your selling strategy—perhaps selling 50% of your crypto when it doubles—to reinvest in another. Stick to this plan religiously, or risk losing out. Trust me, I've witnessed countless beginners fall prey to this pitfall.
Stay humble in the market, or it'll humble you. These tips come from experience, so trust them. Remember, this post reflects solely my opinion.
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