Despite all, some crypto bags stayed there in the destructive Mqarch 12th (only yesterday) and many people think: just store (hodl) them and wait for better times or trade them against each other. We trade! Bag against bag. On BTC and ETH markets. Not even looking at the dollar value a lot. It will take a lot of time before the all over loss on crypto is recovered and we do not call a bottom yet for the whole market. Meaning: no fiat goes into the market yet. Of course after yesterday there will be some bounce - but that might be very short lived. There is no way to know anything for sure.
Guess those that do not hodl develop all kind of alternative strategies to sit this out. Guess each of us has his picks of likely survivors. No reason to give up. I do not like macro investing - but I do work from the assumption that the market will rise again into hypes some day. So accumulating to existing positions by trading in the mean time seems OK.
Paying for mistakes is part of life. I had too much exposure because in some trades I did not follow my own rules... It set my over 2020 performance back considerably. I could have it after taking some over 100% profits after I started trading again in January. But that is no excuse.
What makes this crash hard for some people I spoke to is they have mental difficulty to even look at the charts. Don't do that to yourself! The charts are on high volatility and very interesting to follow. Just change positions and targets where necessary and get to work! Don't think the market is already for the bulls - that is not confirmed. Be stricter than ever, be more disciplined than ever. Keep focus. What more can I say?
the outside world stays in virus mode
Politicians and media meanwhile stay obsessed with the Corona virus. Since I am based in Europe (at least till the end of 2020) it is impossible to escape the flood of news around this. My only fear: not being able to fly. Asia is on my agenda and I must say that the fear of not being able to get there is bigger than the fear of not coming back from there... I can (and maybe one day will) write a book about the decline of Europe at the hands of totalitarian ideologies . most damaging the EU since it got the destructive ambition of being a state. But today it is about the virus. I reminds me of the AIDS outbreak. I was young and my first suspicion was that it was manufactured by the condom industry and maybe governments that want to scare people out of having sex. How times changed! Hope I will not be ostracized for my attitude on things like this. There are many things that scare me more than this virus. And while writing this and thinking of one the first thing more scary that comes to mind is that "authorities" act self evident in full neglect of some basic human rights, like traveling... But especially in Europe you should be careful to express opinions...
martial law?
If you never have seen a video of the dollar vigilante (Jeff Berwick), it is not a bad idea to check it out on youtube. On youtube just find CORONACRASH dollarvigilante. Of course Berwick is dismissed by definition. Fact however: many things he predicted right. He can imagine the Coronavirus as deliberately spread to kill off part of the population. It would not surprise me if this one day will prove to be factually so. That we are prepped for martial law also is credible: governments across the world shut down mobility without even looking at laws and rights - and get away with it because the fear of the Coronavirus is bigger right now than almost anything else.
I share his biggest fear: flying the airlines becoming a thing of the past. Governments have a bad track record. War on terror, war on cash, war on freespeech - one hype/obsession after another ending all with the same result: