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I launched this blog in 1995. Since then, we have published 1603 articles. It's all free and means a lot of work in my spare time. I enjoy sharing knowledge and experiences with you.

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Mental Game of Market Cycles

Here’s what I’ve learned about the mental game of market ⋯


Chris DUNN

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I’ve traded every boom and bust pattern in bitcoin for 10 years.

Here’s what I’ve learned about the mental game of market cycles and how to be a profitable trader or investor after going full-time in 2013.

A non-ai generated thread based on my real-life experience 👇

Price is down 70% 🔗

It’s hard as hell for most people to buy after price is down 70% or more off of all-time highs…

Even if they know to “buy low and sell high”

It’s easier to buy when groupthink it cheering price higher.

How much do I buy? 🔗

Ok, so “How much do I buy” in a bear market?

There’s only one correct answer:

Buy an amount you wouldn’t freak out & sell if price crashed another 90%, and where you would still have dry powder to buy lower.

Also, buy an amount you wouldn’t have FOMO if prices went up 10x.

HODL no matter what? 🔗

Don’t believe people that preach HODL no matter what

90%+ of them sell the lows, disappear during bear markets, and aren’t honest about their positions.

Follow your OWN risk tolerance and take profit during bubbles.


The media 🔗

Ignore the media.

Seriously, fuck them.

They’re not traders and have no skin in the game.

believe in bitcoin 🔗

Yes, we “believe in bitcoin”, but there’s always a possibility that we don’t get another all-time high.

Accept the risk or stay away.

You alone are responsible 🔗

You alone are responsible for managing and protecting your positions.

Even experienced traders & investors can get lazy and mismanage their funds.

Be diligent.

Stop blindly following “crypto influencers” 🔗

I’ve seen dozens come and go over the past decade.

There are very few with integrity that don’t:

  • take money to promote projects
  • front-run & pump n dump
  • compromise their integrity for a little bit of money.

Lastly, buckle up and be grateful 🔗

We’re living through the biggest redefinition of money in thousands of years.

Have some fun and enjoy the process of building life-changing wealth!

I’m honored to be on this journey with you guys 😎

Battle time 🔗

Trading is a battle…

Investing is a competition…

And you need adversarial thinking to win.

Assume everyone is trying to take your money.

Look for society’s blind spots. That’s where you’ll find profits.

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    Chris DUNN

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