First, I, like you, made mistakes with my investment portfolio, but I share with you what I learned from this experience:
1. The timing of the purchase is very important.
If you want to invest, buy only at the lows or during bear market periods.
For example:
December was a bottom on the larger frames.
But it was a peak on the daily frame.
Our entry for investment at that time was a mistake because all indicators (total, Bitcoin, dominance) were at resistances, and at any moment the price could bounce.
Our entry was driven by FOMO and not by technical analysis.
Not exiting with a 10% loss was a mistake as well.
The reason is that every 10% drop requires a subsequent 20% rise to compensate.
And when the loss reaches 50%, you will need a 100% rise to return to the entry point.
And the greater the loss, the greater the suffering.
2. Rules for entry and exit.
If the currency gives a negative signal, do not hesitate to exit.
If it returns later and gives a positive pattern, there's no harm in entering again.
The important thing is that your decision is based on technical analysis, not on randomness or just because a green candle appears.
Even the exit should be due to a clear technical reason.
The advice:
After all this patience, God willing, God will compensate us.
Don't worry, the market will rise again and reach the peaks of December, and there you will take your profits.
This market teaches lessons to the fool who does not learn, but we have learned from our mistakes.
