After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:
+ Fear
+ Greed
I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.
So, we need to set up your expected profit point as well as the stoploss point.
How about you, what is your lesson?
The truth is that this is a lot easier said than done. I have been here for a while and I am still grappling with this greed and fear in me. To those who have gone past this round in their crypto life, I am very happy for you all. As for me, I have yet to win this battle in me. The moment BTC rises, my limit also rises. When I set as a limit $10,000 and BTC hit it, I would set my sell limit to $11,000, and when BTC surpassed that, my sell limit would also go higher.