$BTC
Dear Copytraders,
It’s been a while since my last update, mostly because the market has been pretty rough. For over a year, I’ve been trading with the same strategy and consistently making profits, even during corrections as steep as 50%. But things took a turn starting December 8th. The drop was too sharp, and we ended up with too much money tied up in the same assets, hoping to close them out quickly. Then, another big dip hit, and the strategy unraveled.
Right now, we’re stuck holding some coins with a significant drawdown. Every day, I still see the strategy making profits, but there’s no money left in play to take advantage of it. This has been a hard but valuable lesson for me about not being too greedy, over-allocating funds, and the importance of keeping reserves for times like these.
Personally, I do have some reserves to average down, but I’ve decided not to keep adding funds to copytrading. I know many of you don’t have the extra capital to do so either. Instead, I’ll be holding tight and waiting for the market to recover, so everyone has a fair chance to exit without or with minimum losses.
If you have reserves, buying more of the same assets to lower your cost could be an option, but remember, that’s not financial advice. It’s your decision.
I still believe this strategy is one of the best ways to make money, but proper money management is critical. Sometimes, that means accepting smaller daily profits to maintain a stronger safety net for risk management.
Don’t stress too much! we’re still in a good spot compared to others. Millions of traders lost everything in leverage trading, but we’re holding spot positions, which makes a recovery only a matter of time. Remember, nothing is truly lost yet. We’re just in a deep drawdown, and we need to stay patient and let the market work its way back