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RE: Here Are 3 Things We Can Learn From The Recent Crypto-Crash
Great advice. Having a strategy for a falling market is key - you should always be able to easily convert in to some sort of stable asset in a short period, just in case.
Being greedy and getting caught on an uptrend can be dangerous, as if you do not know when to get off, you might ride that wave all the way up, but stay on it all the way down. I also agree that a diverse, strong portfolio is always better. Thanks for the post!
Certainly, mate!
the first thing I learned about crypto-trading is how to manage the psychological effects of trading - it is the simplest thing but the hardest to do. all your efforts and smart analysis will go down the drain if you don't have the proper mindset in trading.
I agree there! Personally, the psychological side is actually why I stopped trading Forex - I found it very hard to manage. That being said, I seem to be much better at managing it with cryptos, maybe it's because I have more experience now. Thanks again for the great post!