Three to Four Trades a Year: The Path to Financial Success
image using ai.
When I see my past trades the only time I regretted was not believing my own instinct on the trade. We need to move on from past but with the lessons that you've learnt.
In 2021 bull run when the crash happened and I was just bag-holding my coins in portfolio watching value goes down each day, I thought I've missed my only chance to make something out of trading.
2022 arrived and that was a bad year for crypto - that was the first bear market after witnessing my first bull market. I realised some of things later spending more time in the market.
Chances of Making it Big through Trading once in a Year
I used to think that I might have missed my only chance of making money and changing life after the end of 2021 bull run.
The fact that 2022 was also a good year to make money as there was some of chances that made people a whole bank.
Every single year you get 3 to 4 proper trades that gives a chance to make it big with or without leverage.
in 2021 it was Tesla buying bitcoin, Elon shilling DOGE, BCH
I still remember these three trades were enough to make a bank. after that Tesla buying bitcoin announcement bitcoin literally saw increase of $5k+ in a single candle.
image by Collin Weaver from Pixabay
After that DOGE was the most hyped trade and than there was BCH that went from $300 to $1650 and many more coins like these but these were the key trades imo.
In 2022 you could've short FTX coin and Luna
A lot of people lost tons of money on FTX and Luna while some of people still made money because they saw that was the trade to make it big in a bear market.
The point is we get a trade to make big money so suddenly and in the most unexpected way.
Sometimes you feel like this is the easiest and most stupid trade to make it big and last year we've seen a lot of easiest but stupid trades opportunities.
From ETFs to Ai coins and than Honk Kong to RWA
I just looked back in last year and still remember how easy it would've been to simply long bitcoin after ETFs filling but everyone were posting doomsday chart that bitcoin might end up at zero.
That ETFs was one hell of a trade to big money on a platter by the banks and majority of people just laughed at it which makes it stupid.
image by Thorsten Frenzel from Pixabay
Nvidia rising because of AI started a trend of AI coins in crypto and that was another easiest trade.
Honk Kong means Chinese coins did good last year and than people moved to RWA.
These were the solid 3-4 trades forms with the narrative with a chance to make it big in bull or bear cycle and narrative is like book pages getting unfolded.
The only mistake was not trusting my instincts
I don't have appetite to do future trading because of the fear of losing it all in one wrong trade but when ETFs thing happened I did longed bitcoin to max but than went off the chart by listening to influencers on X, they shakedown my confidence and i closed my position before real move.
image by Alexandra_Koch from Pixabay
Just before Nvidia and Ai conferences I used to long the exact coins that used to appear in the top gainers (rndr was beast) but because of not trusting my own instincts and convictions i simply closed down future trades.
I was right all the time except the part where I didn't believe my instinct and own conviction though held the spot bag but future was easiest yet I fumbled.
Wrapping Up...
Now I know that big trades comes every year at different time depends on the narrative and we just need to catch those 3-4 trades and rest we don't need to do anything at all.
The fever of taking constant trades is how most people ends up with losses while other with 3-4 trades outperform everyone.
In the end we should believe our instincts otherwise it becomes a mistake or regret. I hope you found this interesting and would love to know what you think about it in the comments.
Posted Using InLeo Alpha
Just like the stock market I think the safest way is to diversify into coins or stocks that have a stable back and record and hold on to them. When we get stuck chasing different coins or stocks is the same time that we are more likely to panic or make a bad choice and lose a bunch of money.
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