The bear market poses serious challenges to investors, revealing errors and helping to derive valuable lessons for the future. This article highlights mistakes to avoid.
Don't Catch Every Dip as the Bottom
Every time Bitcoin dropped by 10-20%, I thought I found the 'bottom'. However, markets don't reverse on emotion — they follow macroeconomic trends.
The Dangers of Overtrading
In the absence of significant volatility, I tried to 'make something happen', resulting in capital losses and trading mistakes.
Seeing the Bigger Picture
During a bear market, it's crucial not just to watch the charts but also to pay attention to major projects being built behind the scenes.
The bear market can be a tough time, but it opens up new opportunities for learning and improving investment skills. It's a time to clean up the portfolio, focus on long-term prospects, and prepare for the next surge.
