The recent market drop did not have a direct impact on me, and today, I would like to share with you the tips and strategies I have implemented to navigate this storm. These methods do not come from my invention; they are the result of learning from investment experts. Each of us can do the same!
If you are new to the world of investments and are going through your first cycle, prepare to learn a lot! One of the first lessons to remember is that, just like an arrow shot overhead, the market always ends up going down. This wisdom is not found in books, but in the experience of others. If you are starting without experience, do not hesitate to take advantage of the lessons from the more seasoned.
To do this, it is essential to find the right sources of information. Avoid YouTubers who promise quick and unrealistic gains. A major turning point for me was when I learned that Warren Buffet had sold off a large part of his tech stocks. This alerted me to the fact that the market could very well experience fluctuations. Often, those who do not learn from such events are lulled into illusions.
Let us not forget that experience matters. As the saying goes, an old man sitting sees further than a young man standing. This wise entrepreneur has accumulated invaluable experience, far superior to that of many influencers who sell dreams.
Here’s how I organized myself:
Sort My Cryptocurrencies
- I classified my cryptos from most volatile to least volatile.
- I defined my expectations for each asset.
- I took the time to check the associated roadmaps.
2. Define My Market Strategies
- I established clear exit points in the market.
- I reduced my new positions during periods of volatility.
- I stay attentive to information from major technology players.
3. Secure My Assets
- I secured my assets in decentralized wallets.
- I strive to trust myself in my decisions.
- I remind myself not to give in to panic and to remain patient.
These methods have allowed me to profit from all my positions while avoiding losses of up to 75%, as has been the case for others. Today, instead of suffering from the drop, I am one of those who hope it continues to extend to gain even more profit.
In the next article, BTC is no longer where you expected it to be.
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