Guild of SAGES | MOBA 已转推

It’s not easy to take risks
I used to day trade daily in the stock market.
In late 2020, I watched on the sideline while GameStop ran from the teens to over $500. I was afraid to buy.
I missed out on the potential of life changing wealth…here’s what I learned
👇
1. Do your research
Even though I knew GameStop was gaining steam, I didn’t take the time to go through information that was readily available online to understand how powerful the narrative was.
If I understood this, I would have been able to buy with conviction.
I have taken that lesson to help me prepare for the crypto bull run and I feel 💯better because of it. I spend my days reading and understanding everything I’m interested in.
2. Don’t be afraid to DCA
If I had conviction in the narrative, when the price dropped, as it did many times during its run, I would have added more. I’m not telling you to DCA everything because sometimes it wiser to sell than to DCA.
For this bull cycle, I have bought tokens that I believe in and am ready to DCA if necessary.
3. Be patient
It takes time for narratives to play out. It played out pretty quickly for GameStop, but we all can be victims of fear and greed. The volatility in that stock was worse than a roller coaster making me even more anxious.
Being in crypto was the best thing that happened because it can be so volatile.
Understanding the history and cycles gives me peace of mind to let it go and allow the narrative to play out.
Calculated risk is healthy and I am getting better at it everyday. I hope these few tips can help you in your trading.
Wishing you a green p/l now and always.
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