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Has this bear market had an impact on you that will make you change your "trading behaviour" and strategies in the future?

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by COINS NEWS 101 Views

What key lessons have you learned in this bear market? Are you going to change your trading approach and strategies after this bear?

For me, I think I see couple of mistakes in my strategy that I seen before but I guess I didn't react in time, and now I see it clearly:

- I should focus more on already well established coins, "bluechips" of crypto - Bitcoin and Ethereum

- DCA is a good way to accumulate more crypto, but if I am not taking any profits and just buying, as I did before, then what is the point? Most of the coins I held went down a lot from their ATH, and a lot of them won't come back near that ATH ever again. So, not selling is my mistake. Taking small profits is going to make me feel better

If I change those two things, I may have a better time with in the crypto market.

The other stuff I think I am doing pretty fine:

  • using reputable cex and then sending coins to my wallet
  • dca every month
  • not checking charts all the time
  • my seed phrase is on a safe place
  • I am not playing with crazy apy tokens etc.
  • upgraded my antivirus
  • not clicking on any scammy mails, websites
  • not going crazy for airdrops because a lot of them are scams

Edit: typo and forgot to put the other part that I typed in the notepad

submitted by /u/middlemangv
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