Many traders lost money in this bull market more than even in some bear markets. Personally, I lost millions, too. Not because I didn't know how to trade, but because this cycle wasn't like others, and we were trading with an old template. Luckily for me, all the money I lost was still gotten from crypto, and I had some other funds to fall back to and also have a good tradecrew family to help with recovery.
Unfortunately for many other traders, they lost money they got from other businesses or money from investors and friends, and some are just new traders testing crypto for the first time. I will share my strategy with you. This is not the first time I have lost money in trading and probably will not be the last. But I will not lose it this way or this much again cause I constantly learn from the market and my experiences.
I noticed that the bull market was actually a Bitcoin Bull market. We were expecting business as usual, but with the emergence of too many tokens, liquidity was spread thin, and investors couldn't keep up. So they focused huge funds on #Bitcoin. Some other tokens that did well but later crashed flat was as a result of some group of investors moving money around. They gathered and supported a project, and then when they made money, they would remove it and move to the next one, never looking back at the one they all dumped.
That is why many tokens dumped and never pumped back. They just kept dipping, and many people were busy buying the dip to deeper life. I also realised we were waiting for too much profit from the market, looking at previous bull cycles. Now I realised the institutions are now involved and they don't play that way. Small profit is huge funds for them as they invest big. So while we were waiting for 50x, they left at 10x /20x or left even at 10% to 100% profit.
Now, back to the strategy. I am still trading as I said our tradecrew never stopped and we are recovering gradually. But this time we target small small profits and make sure to set stoploss on all trades. The worst mistake you'd make is to give up. By the time you'd decide to return, you may be lost about what's going on in the market, or you may come back when the market is about to crash again. So, remain active in the best way you can. Even if it's just by doing airdrops.
I am gathering and waiting to short the market when the time is right, and I may leave that short for months. Once we are close to another bull cycle, 70% of my funds will go to Bitcoin no matter the 1000x any coin promises. The remaining 30% will be divided into 10x and short-term trades. All my short-term trades must have stoploss and take profit set. My long-term trades must set take profit in tranches. Starting from 100% to 10x. I will not relax again and expect business as usual.
When the players change the music, you have to change your dancing steps.
#ibmacd