Thread by @TraderL1z

Maximizing Success in a Changing Market:
Understanding Narratives and Adapting Your Strategy for Crazy Returns💲👇

A big part of understanding narratives is understanding the current #market and its trends and identifying upcoming trends in advance.

One of the most common misunderstandings people have is that they view the market as having a fixed condition and that the only variable is their strategy for playing it. This is flawed. The market changes. You have two variables. the current #market and your #strategy.

Know the current #market. There is sometimes a market for #HOLDing with "solid narratives." Sometimes we get mini-alt runs for a few weeks, and sometimes, like now, we begin to see a market consensus building towards an #altcoin-run.

Use the most appropriate strategy for the current #market. You need to balance your approach based on market conditions. In times of lots of red and an "edgey" market, you need to factor in risk more and be more careful.

In those times, you want to be thinking more long-term and lower-risk, "solid" narratives that will come back. Don't get involved in things that are unlikely to succeed.

A big reason people screw up is because they play the wrong strategy for their current #market, i.e., in the rare "market-wide altruns," they hodl instead of "playing the game," or inversely, in a "#smartmoney" market, they try to "play the degen game" and get wrecked.

✨Don't just look at the #crypto project when researching whether it's a good buy. Look at the market, too.✨

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