Dr. Jeff on Nostr: For any degens who insist on trading cyclical assets, here is a quick primer to help ...
For any degens who insist on trading cyclical assets, here is a quick primer to help improve your longer-term performance:
- In cyclical BULL markets, Buy The Dips (only).
- In cyclical BEAR markets, Short (Sell) The Rips (only).
- In cyclical CRAB markets, Buy The Dips and Sell The Rips.
The challenging part for many noobs is determining what phase of the cycle (BULL, BEAR, or CRAB) we are in, and how your asset of choice historically performs in such a phase.
The majority of traders go broke because they don't understand such things and/or have little or no risk management system in place.
--------
** A much better option for 99% of the people reading this is to simply stack sats and chill. 😎 You will do better over the long-run than 99% of the people (including fellow Bitcoiners) who actively trade and/or attempt to time the markets. **
- In cyclical BULL markets, Buy The Dips (only).
- In cyclical BEAR markets, Short (Sell) The Rips (only).
- In cyclical CRAB markets, Buy The Dips and Sell The Rips.
The challenging part for many noobs is determining what phase of the cycle (BULL, BEAR, or CRAB) we are in, and how your asset of choice historically performs in such a phase.
The majority of traders go broke because they don't understand such things and/or have little or no risk management system in place.
--------
** A much better option for 99% of the people reading this is to simply stack sats and chill. 😎 You will do better over the long-run than 99% of the people (including fellow Bitcoiners) who actively trade and/or attempt to time the markets. **