Are you freaking out? Do you feel that uneasy feeling in the pit of your stomach? Are you on the verge of selling and getting out now while you still can?
PUMP THE BRAKES HOMIE!
Do you want to know how to remain calm and rational in the midst of this crypto bloodbath? I will show you just how to do this. You may not like it, but I believe you'll thank yourself later for doing so.
It's perfectly normal to feel this way while you watch all of your assets on the decline. It's a natural reaction. If this has never happened to you, congratulations, you are robot. But for the rest of us, this feeling can cause us to do things that we may end up regretting in the long run. A lot of people, especially those just investing, let their emotions get the best of them and sell out far too quickly in an attempt to prevent further losses. I myself have done this before only to see the price bounce back and to the moon. Strange how you have a similar, yet adverse feeling in the pit of your stomach after that happens...
So, what is this secret little trick to remaining calm and keep us from making irrational decisions through all this?
WALK AWAY!
WHAT!!?? That's my "secret trick!?"
Yes, yes it is! Find something else to do!!
Something so simple can have a drastic impact on your decision making process!
When you start feeling this way, the best thing I've found to keep me from reacting on my emotions is to simply walk away and let the emotions settle a bit. In the heat of the moment we do crazy things! So to help buffer this, go for a run, hit the gym, make some food, ANYTHING but constantly checking every move the market is making and what every talking head is saying! Get busy doing something else! When you come back to it, you should have had ample time to calm down and think through any move you are going forward with.
The fact of the matter is that we have seen MASSIVE drops in this market before only to watch MASSIVE rebounds! So, my advice, WALK AWAY, FIND SOMETHING ELSE TO DO AND STAY CALM!
Am I an expert, no. Is this financial advice, no. I'm just some guy behind a computer sharing what I've learned from my experience.
KEEP ON STEEMING!
DON'T FORGET TO UPVOTE, FOLLOW AND RESTEEM!