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RE: How to Minimise Stress from the Crypto and Financial Markets Sharp Corrections
Great post man! I'm an hodler though. I also fear when market crashed. But it's always the best time to buy! Look at how much bitcoin recovered today. Bought a few when it was around 3k, still hodl until 4k in value :D But yeah always invest the money you can afford to lose.
You are young. Usually the younger people have more nerves and can be hodlers. Me... I don't have nerves of steel :) Always afraid profits would slip away. This is from experience at Bursa Malaysia. There were times when some stock would go up, and I'd hold. Hoping it will go higher. Then it'd slip...and come back to square one. I would be regretting not taking profit.
On the other hand, there were also those times when I did sell to lock in the profit. Then it went up some more - much more than my selling price! I'd be regretting that too.
So now I'm hedging - sell some when something reaches a certain level. But not all, in case it goes up some more. So far this strategy seems to work for me in the crypto market. Had sent back and sold one-third of BTC at Luno a few weeks ago. The price was RM21k at that time. Quite fortunate as it turned out. Had used the RM to buy again when BTC fell.
By the way, I'm also trying to post like yours: original posts, and not caring too much about the upvotes. This one has only gotten 2 cents HAHA! If one's sole target is "earning money", and immediately, he will be disappointed and demoralised.
But I've been reading insights and tips by some people with a lot more experience. Have to accept the fact that one needs to gradually build a following first. This requires time and effort. A lot of it.