You took some profit right? You had a trading plan. You executed it flawlessly. Your fibs were drawn with care and your stops optimized for textbook 4:1 Risk/Reward ratios. Good.
If not, enjoy this feeling. Nothing has you more alive than a swift 20% market wide correction. Your portfolio decimated, your plans for next year’s vacation wiped out. It may not be pleasant but you will survive, stronger for the experience.
Pain will be of the Hellraiser variety but stay the course. Don’t indulge in the pain because this is when you need to go to work. You make money when you buy in Crypto and buying opportunities are coming. The moves in Crypto are violent. Crypto markets are mass psychology in fast forward motion. Be a student of it but don’t let it run you.
Your lighthouse in this storm is this: you are playing the long game. This is the early innings in a multi decade shift in how financial transactions happen worldwide. This is bigger than the Internet. Do not lose sight of this fact. This dip will be a blip on the chart months from now. Don’t chump out for a 20% daily drawdown.
We will look at our favorite coins and we will find that sweetest support. We’ll bid that support and we will be victorious.
We are the heroes in this movie. In the first act you meet the hero. In the second act the hero is in jeopardy. In the third act the hero kills everyone. This is the second act. Soon we will be beheading market participants and drinking from their skulls.
I’ve have not traded any coins since late October. I am irresponsibly allocated in BCH with a very small position in EOS. BCH is my long term monster play in crypto. EOS is my potential moonshot and I will rebuy XMR as my anonymous coin angle, possibly soon.If you enjoy the content at iBankCoin, please follow us on Twitter