ScaredyCatGuide's Investing Mantras to Live By
Mantras = easy ways to remember not to do dumb stuff when investing!
Okay okay, kidding aside mantras are helpful in investing and life so wanted to share the ones that have served me well in crypto investing.
Investing Mantras I live By:
If something more than doubles in price in one day - SELL HALF
Buy the dips, sell the rips!
Remember, nothing HAS to happen
You cannot be grateful and angry at the same time
That last one is more for life, but if you are grateful for the crypto you have then you won't be angry about the crypto you missed out on and make bad decisions chasing more.
Anyway, that's it folks. It's not rocket science and sometimes keeping things simple is the best way to approach them for long-term success.
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Disclaimer: All info in this post is my opinion and for informational purposes only
Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is
Disclaimer: All info in this post is my opinion and for informational purposes only
Don't forget 'Pressure makes diamonds'.
I definitely need to remember the first of your mantras. Sell at the top, at least some of it xD
Yeah man, seems 9 of 10 times when something moons in crypto in a day or two it comes back near the breakout point not long after.
Upvoted ($0.17) and resteemed by @investorsclub
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I actually never heard of that first mantra TBH. Does it work well?
Put it this way, I have 1 free Bitcoin Cash coin cus I sold half when it mooned to 2600 in less than 24 hours last year, then I bought back much lower just a few hours later.
Always remember you saying #3 on your show and it is a rule I say to myself every time I go online to trade. Hope you're well buddy and sending the green vibes all the way from the UK.
Hell yeah mate! Let's make some money! Someone wake up Bitcoin...it has slept through the alarm lol
Haha, it sure did! Time to get up and take me to the bank!! All the more time to load up while it is low. Helps to look at the whole lifespan of crypto in this instance and not get too impatient. This is a huge social change and they usually take decades, crypto is doing it in double-fast time.