Lessons from the bull and the bear.

avatar

istockphoto1262967772612x612.jpg

Hello there, One thing is for sure, we live in interesting times. Given the pursuit we have chosen of speculating on the markets, regarding which direction they will go and where the projects we choose to buy into will be at a certain time in the future. near or far.

Interestingly concepts in the market are presented in pairs I.e fear and greed , bull and bear market. For this article I will go with the later, as I regard the two market trends to be great teachers. As the saying goes " Tell me and I forget , teach me and I may remember involve me and I learn". The following are things I have learnt being involved in the market at both times.

For starters non of the two are the best time to enter the market. YEP!! You heard me right neither is better than the other. Heres is my reasoning, we all enter the market for different reasons and those reasons determine what we are going to be doing in the markets and how long we are going to hold the assets we purchase.

When is the right time you ask ? Well, the right time is when you know what you are doing and fortunately enough how much you learn and how fast you learn is all up to you. Thus the common saying DYOR (do your own research). With that said regardless whenever you buy into the market the rest is determined on the findings of your reasearch. And based on that you can ride the wave, even if you bought the top and the tocken falls back to zero. Your findings will enable you to hold until the asset bounces back to a New all time high, higher than you bought in at the previous top.

Timing the market is not for everyone . Trying to time the market could leave you with smelly fingers. The market is a highly unpredictable place and no one knows exactly what it's about to do all are mare speculations .

Attempting to catch the dip would lead you into buying a falling knife by buying the dip and the dip keeps dipping and ultimately trying to buy the dip could result in you loosing money to buy a proper discount that could solidify your portofolio and a chance at the 1000x.

In conclusion, with your research in place and a plan that you will stick to only pivoting if necessary, while systematically dollar cost averaging whichever direction the market goes and always taking profits when available.We should be good one way or the other.

Above all embrace and fall inlove with the technology you are betting on with your hard earned money.

Posted Using LeoFinance Beta



0
0
0.000
2 comments
avatar

This technology is mostly gonna make the knowledgeable rich and make the poor hunger for knowledge. It's the new world.

0
0
0.000
avatar

Very true. Making it important to agrssivly mine for the knowledge while others are sleeping on it.

Posted Using LeoFinance Beta

0
0
0.000