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Reflecting on the lessons of past market cycles 🧑🏻🏫
This is probably the most expensive post in my recent publishing history. I'm a rich man, but nevertheless, it is kind of a physical pain for me to look at my 2-3 year old trades. Buy SOL on listings at $0.1 and exit the trade completely at $1.2? My story.
💁🏻 I am here to teach, and these are the most valuable lessons I can give you on the verge of the bull run:
1. Stick to your trading plan. Trading does not tolerate emotions. If it's is a part of your plan to buy or sell at this level, don't hesitate to do so. Set up price notifications and do not overlook the charts.
2. Follow professionals. In 2018 we had a chat/community of HK crypto traders and I remember a guy talking about BNB a lot. He was the top analysist in one of the leading VCs. Even knowing that, I was afraid of risks and decided to ignore his call. BNB made over 30x ROI in the next few months.
3. Bet big. I bought AVAX, AXS and DOT in the very early stages but only put in a few thousand. My life would be completely different if I allocated more to these trades. I regret I didn't. Market does not tolerate fear.
👉 With that being said, we are entering this bull market with a tremendous experience and complete certainty in our actions. We learnt the lessons of our past and are fully prepared to take advantage of every single future market movement.