You probably need this - Portfolio Tips
Hi there, It’s Omega
While reflecting on my trades yesterday, an essential question popped into my head.
One that might very well redefine your approach to crypto investing… This could be the most insightful quick read you’ve ever opened…
If you had to pick one skill that will never leave you worrying again about your crypto portfolio, what would it be?
Would it be your ability to pick the right coins…?
Would it be the ability to call the next bull run…?
Would it be your ability to exit before that run ends…?
Or something completely else?
Give it a thought for yourself, but here is my take.
The only thing that I would focus on to gain massive success in crypto is having the ability to predict the future.
Because understanding what is coming next is the most game changing thing you can ever master… But it’s not easy…
It took years of trading and reflecting on every move that I’ve made to be able to the predict the future.
Years of stress, years of falling and getting back up…
And the worst thing… I’ve lost lots of money in the process…
There is one thing that lots of crypto investors struggle with…
And actually it’s a “make or break” kinda deal.
It might sound like something most are familiar with already, but many are not aware of the actual importance of it. And that is… controlling your emotions in a market as volatile as crypto. With prices fluctuating this hard, one might feel like pressing the sell button one time too much on a daily basis.
And that’s fine, we are all humans… But it’s crucial to take a step back and ask yourself if you actually are benefiting from all the moves you make or not.
Because in my experience when I first started out in crypto, I was overtrading due to greed. I definitely made some money, but if I look back at my original portfolio I had before I started rotating my money… I realized that I missed out on so much money.
I was pretty shocked, thinking I was actually making good moves… That’s why you need to be cautious about how you play this market and have a clear strategy.
It’s much better to move with patience and confidence than to move with greed in your heart…
Right now, the crypto markets are preparing for some big moves.
But the market isn’t going to react in the same way it usually does…
Things are going to be different this time around and you must know what you’re doing if you want to make money.
The days of getting lucky are almost over.
A new wave is upon us… The rules are different and that’s why you need a different approach if you want to capitalize.
You need a clear strategy this time.
But creating a strategy can be hard for some people, especially if you have other things going on outside of crypto.
I understand… It took me YEARS to create my current view and to form a proper one in this market.
It’s one thing to make profit in crypto, but another thing to keep the profits you’ve made. Keeping profits is the most difficult thing to achieve in crypto.
And this is where 95% of people fail…
The reason for this is that they are too greedy.
Many people have their portfolio target in their mind, but once the market goes up and they make some profits they instantly change their target.
Greed makes you blind…
That $100.000 target suddenly increased to $200.000.
And once the price goes up more it increases to $500.000.
It will NEVER be enough and that’s why having an exit strategy is ESSENTIAL.
Because without one, you'll always want more and more until eventually all your gains will disappear into the dust.
…And only then you will realize how much money you actually had in your
portfolio…
…Only then you will realize what you could have done with that money…
…Only then you will realize how much you could have reinvested in the next
bear market…
I just want to put extra emphasis on this topic because this is something everyone that’s been around for a while can relate to. Because this is the thing that will either make you lots of money or will make you lose money in crypto.
I hope these tips help you out in improving you investing and trading game!
Until the next newsletter!
Omega