Thread by @talkcentss

Stock Market Cycles

• Euphoria
• Greed
• Denial

Using Crypto as a case study

(Short Thread)👇🏽

• Stock Market

I recently spoke about the importance of protecting gains.

Simply put, it’s because the market isn’t rationale and goes through very distinct stages.

•Hope
•Optimism
•Thrill
•Euphoria
•Complacency
•Anxiety
•Denial
•Panic
•Disbelief

👇🏽

• EC10

@DCX_EC10 is a prime example, losing 52% of its value since May 7th.

Was:R131
Now:R63

You May still be up, yes. But is the fall finished? Probably not.

I’d never try catch a falling knife. Buy winners in an uptrend and don’t dollar cost average into losers.

• Tips

- The trend is your friend, the trend is down and not up.

- Dollar cost average in, in uptrends.

- Don’t add to losers- you’ll get burnt

- Protect gains in volatile assets

- Cut losses early
(A 50% loss now needs a 100% gain)

• Constituents

Top 10 holdings of @DCX_EC10 by weighting

You could construct your own portfolio by owning the crypto directly, and no need to pay a fee on that.

If you have 10k to invest, break it up like the professionals. Same applies to ETF’s.

Create your own basket

• Shorting Bitcoin

I’ve been shorting Bitcoin for awhile.

Price target is $23 840 then $20k

#Bitcoin

tradingview.com/chart/BTCUSD/5…

• Shorting Ethereum

Remember the trend is your friend.

All I see is weakness.

Targets $1720-$1400

#Ethereum

tradingview.com/chart/ETHUSD/U…

That’s it, that’s the thread

If you want more trading tips and finance related content, then follow @talkcentss

Expect more:

- Trading ideas + Tips
- Personal Finance
- Property Threads

• Summary

• Protect gains
• Don’t add to losers
• Cut losses early
• Trend is your friend
• Building your own basket