Bear markets are good to learn...
What I've been learning from these last years with crypto:
Concentrate on a single strategy to enhance your expertise and gain a competitive advantage.
Emotional impulses might push you to buy when prices are high and sell when they are low, but giving in to these emotions in the cryptocurrency realm can lead to significant losses.
Develop clear entry and exit plans for every trade, even if you intend to hold onto your assets. Without a plan, greed and fear can take over.
It's common to miss out on investments that could have yielded massive gains. However, it's crucial to avoid making impulsive decisions due to the fear of missing out.
Profits can only be realized by taking calculated gains from your trades.
Having a well-thought-out rationale for each trade is a highly effective way to enhance your skills.
Having losses doesn't necessarily categorize a trade as poor. Unfavourable outcomes can happen despite your best efforts.
Shift your perspective to measuring trades based on return on investment (ROI), rather than just the monetary amount gained. Skill matters more than the initial investment size.
While learning from others is valuable, blindly adhering to their advice leads to failure. Use the insights you've gained to make independent decisions.
Maintain a healthy dose of skepticism and refrain from assuming anyone's intentions in the cryptocurrency space.
Challenging times offer the greatest opportunity for growth, as competition is less intense. If you haven't refined your skills during periods of low participation, it's too late to catch up when the market is flooded.
Adopting the same mindset as the majority of traders positions you as the source of liquidity for their exits.
Working on a resume of Lens Protocol and the most promising projects upcoming.
I will add details in the upcoming days.