Maintaining an abundance mindset allowed me to solely focus on the opportunities despite the macro market crashing.
Trading conditions aren’t any worse just because most coins are down. There are always new launches and coins pumping every day, bull or bear.
Rotating positions based on shifts in market narrative is essential, no matter what the macro sentiment is.
Take what the market gives, especially during times of euphoria (October 2021).
Holding bleeding bags when their narrative is no longer in favor can be absolutely brutal.
Buying into strength has been key.
I repeatedly asked myself, “is my money allocated in holdings with the best possible upside from here?” regardless of how much I was up or down on them.
All that matters is the current upside.
Technical analysis matters far less than I originally thought.
It is often a misleading practice of confirmation bias. It is rarely the case that the past is analogous to the present.
Trend lines can be broken very easily in crypto due to external factors as we saw in January.
Over the past few months I realized that diversifying too much with many smaller positions was hampering returns.
A high conviction & high liquidity 2x gain with large size is much more manageable than spraying and praying on 10 moonshot positions, hoping for one of them to 20x.
Consistency is king. I’m not a perfect trader, but I’m always striving to improve and am quick to adapt to changes in the market.
With each passing month I’ve noticed vast improvements to the mental models I use to trade. This only happens through learning from mistakes.
My goal with @BHInsights_ is to make crypto trading decisions and portfolio allocation as easy as possible, especially for busy/working individuals.
No shilling or underlying agenda. Just rigorously curated trades with clear strategy and realistic profit taking frameworks.
Many of my personal friends and peers are @BHInsights_ members. I understand the gravity of my responsibility in guiding their crypto trading journeys.
I take pride in the quality of my work. I’ve dedicated my everything this year into becoming the best possible trader.
There’s a reason why I’m not anonymous. I’m fully doxxed on Twitter unlike the vast majority here because I care deeply about increasing transparency and legitimacy in the lowcap crypto sector.
We all have a part to play in making this a more accessible and insightful space.
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- Started crypto trading and became financially free in 4 months
- Made lifelong friends @launch_house
- Built web3 investment initiatives @SchmidtFutures
- Founded @BHInsights_ guiding hundreds to life changing crypto profits
What I learned👇
The abundance mindset helps you master your mentality and emotions.
It's the belief that the end is secure. That there will always be more opportunities in the future.
This rewires your brain to favor action rather than destructive emotions that can lead to costly mistakes.
You won't become rich without taking a leap of faith.
Generational wealth comes from owning/trading equity, not by reducing living costs and clipping coupons.
You can always make more money. But time and experiences are finite.