Felt that I could have stuck to my plans better (much better in fact), was absorbed by fundamentals over price action but should’ve of used TA better to determine when to exit and when to take a loss.
I did well at cutting losses initially (around late 2021). Retrospectively, it could be due to lack of conviction on the coins that I was holding onto.
Hence I decided to build unfazed conviction on the projects that I’m investing. Decided to determine entry through major support levels, not a bad move tbh. But at the end of the day, when those major support levels are broken. Maybe it is time to exit. Also gonna learn to be more patient and wait for an accumulation zone before adding.
Perhaps I could’ve been more objective and not be blinded (I still am tbh lolol). But it is what it is. Rekted tbh. But, I’m gonna stay in this space regardless of what happens.
A few major lessons for me personally
1. Wait for an accumulation zone
2. Know when to cut losses
3. Build conviction smartly and not blindly
4. Investing in a good projects is awesome! But only invest at the right time and not during peak euphoria. (Could’ve done much better with this)
Moving forward, I still believe in the tokens that I’m investing in. Thesis has not changed. I still believe that Gamefi will have it’s time, still believe that CRV is undervalued and that FTM devs will create more protocols to induce sticky liquidity.
Despite no changes in thesis, my entry could’ve been much better. But hey, who could’ve known? Gotta learn to move on and not be harsh on yourself. But I’m glad that I managed my downside pretty well by investing in other assets too. Just received my dividends from my Reits investment. Used that to treat myself to a good meal (Kunafe again tehe).
Hopefully, a few years down when I read this post, I would be in a very different position compared to now (Life changing money kek). But for now, I’m gonna take it step by step and focus on things that really matters. Until then, keep pushing anons, the end might be close.