Second cycle behaviour is easily the worst curse in crypto.
Your first cycle, you made a fuckload of money because you winged it and got lucky.
Your second cycle now, you recognized how you lost it all by longing LUNA, so you start meticulously planning on how to keep your profit this time.
In the course of that,
You become obsessed with "playing the market" perfectly.
You THINK you can avoid getting burnt this time and you're finally "experienced" [given the beatings you've taken].
But in reality, you're going to underperform and overtrade.
You'll micromanage every position,
You'll overthink every small move by derisking/hedging to "be safe."
Do you know why people in crypto agree it takes "three cycles" to make it?
Because in your third cycle onwards,
You simply DO NOT GIVE A FUCK.
It's like the 'midcurve' meme.
Second cycle is VERY LITERALLY in the middle.
Leftcurve is first cycle.
Rightcurve is third cycle.
You know that there's no point stressing over intraday chop, the grand vision is significantly higher and you're optimistic because optimism is the only way to make it big in this game.
You'll know when to sell too, because of raw intuition.
If you're a second cycle pleb, take a step back, shut the fuck up and stop overcomplicating it.
I know you just discovered what the red button is and are excited you can "make money" on the way down,
But save yourself the trouble and money, stick to green.
Retar Dio.
Think we go down to 66k from here. Gonna be a while till we see 100k again