Not a Permabull, not a Permabear
Look...I don’t know what will happen. No one does. There is no crystal ball, therefore we have no clue!
Will we moon or will we go visit hades in the underworld, when price dips? It’s impossible to tell…
So, everything I say from this point on, it’s just my opinion, and doesn’t count as financial advice. I know that this by itself is not a strong cause if sh*t goes down, but seriously, you have to have big mental issues, if you decide to trust or follow what is solely my opinion!
I am not a TA guy, and my chart-reading skills, are embarrassing - They are the equivalent of grabbing a book upside down, sitting on a park bench, and pretending that I am reading it.
I like to think that I learned my lesson in the previous cycle! I do like the idea, if there is a possible bull run, I will make the best out of it! Me and my remaining $117 consequence of this bear market are ready to shine. This is what I like to think. reality will probably be a bit different.
I don’t know if success is guaranteed, even though this time I have the experience of the last cycle, because I know myself, and when the time comes the possibility of a monumental sh*tshow playing out can’t be ruled out.
There are however some lessons I learned:
Don’t be a permabull
It’s easy to be lost in the clouds of the moment. When things go down, seems that they will down forever. When things are going up, the same things happen. So in the eventuality of a bull, keep your feet on the ground. It’s okay to turn your inner bear on! to be a little skeptical, to have a backup plan for when the tides turn.
Don’t be the fat kid in the candy store
Focus man! Focus! Conviction is important. If you are bullish on something, stick to the plan. Don’t jump from coin to coin, blowing profits, and getting scammed. I mean, if you didn’t DYOR it’s more a bet kind of thing, than anything else. And in a bet or win or you lose. So if you were bullish on something, you probably have a few reasons why ( it’s okay to change your mind, but do it because you have facts, not just because...). So yes, don't go after the next shining coin, just because it shines.
Profit is profit
Profit is profit, my friend. Sure, those big shots on “X” might be flaunting their profits like it's no big deal, but let's get real here. We're not all swimming in pools of cash. Some of us are just trying to make a buck without over-drafting our bank accounts. Don't let those dollar signs blind you, thinking you got to trade like it's a high-stakes poker game every single time. Book profits dude! Money is money, and profit is profit. You won’t know where is the absolute peak, and the absolute bottom, until after it happens. So don’t try to guess, play your game and take some money out of the table.
This time “can” be different
This time "can" be different. Don't you dare assume that it "will" be different?! Every cycle, it's the same old story. We get all hyped up, thinking we're invincible, that we've cracked the code, that we're riding the rocket ship straight to the moon. And then BAM, reality hits like a ton of bricks, and we're back at square one. Careful there buddy! Trust me on this one. When SOL, ADA, etc. when ballistic I really thought, that would be impossible for us to revisit old lows… OUCH!
Hope you can consider some small lessons that I brought from the previous cycles, and hope it can help! There are many more points that I could tackle, but for me, these are the more important ones.
Again I am not a financial advisor or anything of that nature. Just a simpleton, trying to play simple, in order to achieve profits. Simple as that!
Now watch, how I f*ck it all up! Of course, this is only in the eventuality of a “melting eye” bull run, which is not granted by all means.
Thank you very much for reading. Hope you have enjoyed the article! Would really appreciate it if you could drop a follow on 👉🏽Twitter(X)👈🏽
See you soon fam!