In only one year seeing a bull and bear market together is something miraculous & I'm the witness or victim of both phases.
I was immature because of being a newbie into crypto space back in 2021.
End of January was a new beginning of mine in crypto verse and the craze of learning more & more new things was at it's peak.
People were saying it is a bull market meanwhile i was just curious to know what does that even mean later i realised I'm too lucky being early before start of bull run and i literally messed up everything.
Bull run happened & Gone in a blink of eye. as a newbie i thought it will last at least for an year seeing other people excited for it and the hype back in time was too much fun.
And the lesson's i learned after a bull run it is worth sharing with other's.
be prepared for the bull run
The first lesson of 2021 bull run is you must "be prepared for the bull run" Mentally or physically otherwise will only suffer from loss
I wasn't ready when the bull run happened. I was learning what i should've avoided at that time. bull run is the time to find Gem's instead of learning useless thing's. They're useless coz it won't help you in anyway.
i was only two months old and still remember my mistake of learning trading, reading charts, analysis etc when bull run was about to start. I was too dumb back then.
Stop trading in the bull run
Won't say everyone should stop trading in a bull market only experience people should keep trading and also immature traders should hold some gem's for peak bull run and trade with few of them and book profits.
just telling about myself it was my mistake of doing trading in bull run. I was scared seeing coin going up or down and this creates panic all the time.
Being confident is must and trading without having much experience will make you afraid or you might take a wrong decision or regret later.
prefer your need's over want
One of my mistakes was not able to control my own wishes. I wanted to buy a laptop and sold 100% of my portfolio to buy it
Later after few day's that coin was pumped 20x and i missed the biggest profit's ever.
So don't be desperate learn to be patient and only if it's need selling a part of portfolio makes sense.
never stop yourself from grinding in a bull run
No matter what if it is bull run or not grinding is the only way to climb the ladder.
Believe me or not when i sold 100% of portfolio to buy laptop. I didn't gave up or Start's crying instead i was more consistent and focused on grinding.
Was shocked & impress with my efforts. I was making blog's and micro blogging on the other hand coin was pumping every other day.
It keeps pumping and i kept accumulating more. Later somewhere in the middle of bull run i realized my portfolio is increased 5x than it was before.
delete twitter or any social media when bull run is at it's peak
The only reason I'm saying to delete twitter is "So called influencer" misguides everyone
Like in 2021 bull run each of them was claiming $500k BTC is coming at the end of 2021 blah blah (etc) but we all know it never happened
Telling other people to buy and filling own pocket is something they're best. That's why I'll prefer to remove twitter when i think it is the peak of bull run or better not to listen anyone else.
Always book your profit's
Mostly of people do this mistake coz of greed they don't sell anything even being in good profit's and later they cry when market crashes.
I'm a living example of this. Literally the worst mistake of mine in fist bull run of my life was not booking any profit
And kept making my fool saying I'll hold this coin for couple of years
Now my current portfolio is 10 times lesser than it was in bull run.
So these are the lessons i learned from all of mistakes in the past and My first bull run of life. Hope so it will benefit other's or might at least someone in hive who can relate with it.
Next bull run in 2024? It's bear market at the moment and I'm preparing myself for the bull run. My plan is to build and hold Good coins for long term purpose and these day's market is too cheap but quite risky.
And now after a bull run it's going to be my first bear market. For now I'm trying not to do mistake or don't want to learn anymore lessons doing mistakes coz mistakes which cost money is too painful.
