When the wind blows, even turkeys are flying!
Meaning that anyone can be a trader on the bullish market.
This morning looks like bulls rule ended in a big red bloodbath, and the bears are wakening up from their long sleep and coming to the crypto market. This trend could reverse in just a couple of hours, but it is good to read about this two rules because the bear market will come sooner or later.
The main question is "What to do?"
First, you need to tell me, have you been following the first and the second rule of trading? If you are scratching your head right now and asking yourself what the hell am I talking about, then let me repeat those rules one more time.
The first rule is:
"Don't invest what you can not lose!"
It is simple, but yet very powerful rule. Just look at the difference between trader that have followed it and the one that has not. The first trader can stay cool. I know that no one likes to look at its portfolio in red, but if you don't need that money for launch, then you can just leave it, and wait for the market to go back in green. Maybe you will have to wait few days, and maybe few years, but you will not lose your money if you have followed the first and second rule. While at the same time trader that have invested their launch money have no other option but to sell and lose, plus of course, it is much harder for them to look at the market at this moments and stay semy normal and healthy.
The second rule is:
"Invest in companies with real-life value!"
Often when the market is bullish for some longer period, investors start buying everything, because the whole market is going up and together with it a big number of "no real value" companies also rise. Just look at top 100 of cryptocurrency market at this moment. You have few magically created fork coins, then some openly Ponzi schemes, and also a big number of coins based just on the whitepaper and so on. Coins without a real-life value will lose the most, will fall fastest and may even vanish when bears come to the market, so you may lose your investment even if you had followed the rule number one.
It may seem strange to some of you, but I would even like for some major correction to hit us, and that we spend few months in red. It would be good this to happen for the long time value of the crypto market. A big number of weak hands would leave it, and the hype would be much lower. New investors would probably read something, and try to educate themselves before entering the market in which everything is not going up. So this would be a positive thing for all of us in the long run. Plus would not have to listen "When Lambo & when moon" all over crypto related social media, and that would be priceless.
So, put your coats on and pray for the bears to come.
