1/ How do you NOT get rekt in a bear trend or a bear market?
We've been in a two-month long bearish trend that could easily turn into a bear market.
I am not saying it will, I am saying it could. Once you accept that reality, you can plan for it.
Here is how?
We've been in a two-month long bearish trend that could easily turn into a bear market.
I am not saying it will, I am saying it could. Once you accept that reality, you can plan for it.
Here is how?
2/ -- MY EXPERIENCE --
When I offer advice on bear markets someone is quick to point out I am too new. I trade in a team of 3 guys with decades of forex experience who switch to crypto Nov 2017 and saw the worst of the bear market. My plans are based on their experience.
When I offer advice on bear markets someone is quick to point out I am too new. I trade in a team of 3 guys with decades of forex experience who switch to crypto Nov 2017 and saw the worst of the bear market. My plans are based on their experience.
3/ -- NARRATIVES --
There's plenty of profit to be made trading when $BTC is dumping if you choose the right #altcoins. You need to find trending narratives like #defi and #layer1 atm. Even #PlayToEarn is still pumping in the right context, like when it's on a new blockchain.
There's plenty of profit to be made trading when $BTC is dumping if you choose the right #altcoins. You need to find trending narratives like #defi and #layer1 atm. Even #PlayToEarn is still pumping in the right context, like when it's on a new blockchain.
4/ -- NARRATIVES cont --
Some recent examples are $XFT and $VADER, two #DeFi cryptos that have pumped despite BTC being bearish. $LUMEN is an example of a pumping gaming toke that's on $ONE, a pumping layer 1 blockchain. $FTM and $NEAR are also pumping layer 1s. Right narrative.
Some recent examples are $XFT and $VADER, two #DeFi cryptos that have pumped despite BTC being bearish. $LUMEN is an example of a pumping gaming toke that's on $ONE, a pumping layer 1 blockchain. $FTM and $NEAR are also pumping layer 1s. Right narrative.
5/ -- BTFD --
Buying the dip in a bear trend will get you rekt unless done right. You need to pair dip-buying with aggressive take profits and scaling buys.
You shouldn't buy the dip on shitcoins either. Altcoins need strong teams and narratives to pump in a bear trend.
Buying the dip in a bear trend will get you rekt unless done right. You need to pair dip-buying with aggressive take profits and scaling buys.
You shouldn't buy the dip on shitcoins either. Altcoins need strong teams and narratives to pump in a bear trend.
6/ -- BTFD cont --
You also need to plan your buys out meticulously. Assign a certain % of your portfolio to crypto and plan how much you buy at each support, scaling up as it goes. Combine this with profit-taking on recovery bounces.
You also need to plan your buys out meticulously. Assign a certain % of your portfolio to crypto and plan how much you buy at each support, scaling up as it goes. Combine this with profit-taking on recovery bounces.
7/ -- TAKE PROFIT --
The FOMO on crypto is crazy. So many people refuse to take even partial profit because they think they will miss out on gains.
Protecting your capital is more important than making gains. Without capital, you can never make gains.
The FOMO on crypto is crazy. So many people refuse to take even partial profit because they think they will miss out on gains.
Protecting your capital is more important than making gains. Without capital, you can never make gains.
8/ -- TAKE PROFIT cont --
If you buy the dip in a bear trend or market, take profit whenever the market gives you a relief bounce. If you don't, you are #NGMI.
If you buy the dip in a bear trend or market, take profit whenever the market gives you a relief bounce. If you don't, you are #NGMI.
9/ -- SEED & STABLE --
If we go into a full-on bear market even strong cryptos won't survive. So get your seed out ASAP to protect your capital and try to hold a big bag of stable in downtrends because they might turn into bear markets.
I have over 60% in stable atm.
If we go into a full-on bear market even strong cryptos won't survive. So get your seed out ASAP to protect your capital and try to hold a big bag of stable in downtrends because they might turn into bear markets.
I have over 60% in stable atm.
10/ -- CONCLUSION --
Don't be a dumbass.
Don't be a dumbass.
β’ β’ β’
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