Read on Twitter
Trader Recap:
I'm going to startup the 50k to 1m challenge again next week after having a major profitable week on my other accounts.
Here are some of the actions I took that I realized has helped me immensely improve my track record:
I'm going to startup the 50k to 1m challenge again next week after having a major profitable week on my other accounts.
Here are some of the actions I took that I realized has helped me immensely improve my track record:
1.) Have a sense of conviction in your investments. If you believe in a vision of some sort stand it through and don't be afraid to double down on it (buy the dip). If for some reason you deem the project a quick flip stick to that. It's important to stay on strategy to yourself.
2.) Have clear price targets that you know you will take profits at. I reviewed my original climb from 2k-100k and saw I use to take profits all the time and then left a moon bag. Somewhere along the road I lost that and bleeded out quickly on my recent trading challenge.
3.) Don't feel rushed. I think this is the most important mistake I see people making and that I also fell into. A lot of people trade as if they only have a month before its all over and this style of trading = emotional = time not spent researching.
3. cont) If you are up net 40% on a trade, and you could've made 5x - 10x had you just held (god we all know this feeling), just remember you are up 40% and that we are still in the early stages of the defi bubble, a macrotrend that will last years plagued with inefficiencies.
