It's Like Anything In Life: They Are Trying To Manipulate You To Get Your Money

I remember trying to invest in stocks. My rules included strong DD, long-term potential, past history of performance, buy and hold for a 20% gain (news-dependent, too) or set stop losses at 8%. This way I could have 2 "losers" and one winner and still be up 4%. I did poorly, not because my rules sucked, but because I had no discipline. I would get emotionally invested, hold past -8%, try to squeeze out a 22% gain, etc. BIG MONEY would come in and do whatever they wanted with a stock price. Shake out the weak hands, scoop up my shares at a discount, and I'd be just sitting here licking my wounds. "This is fine."

Now here comes crypto and most traditional stock advice goes out the window. THIS WAS REFRESHING since I couldn't hack it with regular stock trading. BUY and HODL is the mantra, and to me, this is something I know I can do. So, I've got a little cheat sheet for myself, and this is not financial advice, I'm not a financial advisor, its just where I am right now with crypto. Maybe you are, too.

Basic Rules I'm Following:

1. Only spend what you're okay with potentially losing. Of course, I don't want to lose any money, but a few hundred bucks per month...I can live with that with my current income.

2. Buy real coins with real potential. Just like stocks, I want solid potential. ADA, ETH, VET, ALGO, etc. all are either currently working and doing what they were meant to or are well on their way. S*** coins are called that for a reason...and I'm not willing to "play" in that arena.

3. Stick with coins that have a max supply. Inflation-killer. America prints fiat, fiat becomes less valuable. It's just logic. Sure, you can make money with unlimited supply coins. People got rich of one of those recently. I can't hack it and I know it. I know my limits.

4. Stay emotionally unattached! I look at this as like a fancy savings account. I never got emotional when my savings account earned 0.0000002% per year. Hence, I no longer have a savings account of any significance (3 months salary, just in case). Crypto is my store of value.

5. Hold. I've heard many on here say they are holding until it becomes life-changing or it all goes away. I love that attitude. I'm in a long trade here, 8+ years I'm thinking, DCA-ing along the way.

So, don't let these billionaires with their "statements" and "tweets" impact your decisions. Don't let their attempts at price manipulation shake you. If you bought this year and you're still hodling, you just survived a HUGE dip/correction/loss/etc. I think it was one of the biggest drops in history for some coins(?). Where are you now? Up. 75% of my hodlings are back in the green. We're all back up. And now YOU are a "survivor" and got the battle scars to prove it.

Stay strong. Stay long.