Crypto Bloodbaths: Rules to Remember

The crypto market has been slaughtered this past month which can put some new investors in a very uncomfortable position and present an incredible opportunity for seasoned traders.

Here is a list of 20 rules to remember when it seems like the sky is falling

-Family First
-Invest in yourself: health, exercise, diet, education, skills, degrees
-Time is the most valuable asset you have, don’t waste it
-Never lose money
-Money is a game; the more you play it, the better you get at it
-Plan for retirement, death & taxes

-Master Greed, Fear & Patience
-Be patient
-Don’t be afraid
-Don’t be greedy
-Bulls make money, bears make money, pigs and sheep get slaughtered

-Don't trade on emotion
-Assess all the risks, plan for and prepare for every possible outcome
-Due diligence; study, do your own research: cross-reference, check, confirm, validate, verify and THEN make informed decisions

-Never Gamble
-Don’t try to predict the market, react to it instead
-Never Sell your whole position

-Don’t believe everything you watch, read, hear or see
-Listen to everybody but develop your own strategy
-Rules are made to be broken

When anything you have put money into looks like it is taking a dive, try to remember what your goals are and how you can best achieve them.

What rules do you live by in the markets?

• James Miller