To The Moon

$Coinbase Global, Inc.(COIN)$ Sharing this post for coins and my thoughts below after holding this for awhile now. 

It wasn't too long before that I was pulling 5 digits from selling puts while riding the highs in the raging bull market just a few months back. 

When the Trump tariffs came, narratives turned bearish and I got stuck in these positions at a high average cost of 310, getting assigned on my sold puts and was close to even getting margin called after the shares dropped by more than 50% to the 140s just a few months back. 

It wasn't easy holding thoughout this period, more often than not it had tested and challenged my thesis on why I'm still holding on to the stock. I admit that part of the reason I held on was my dumbass wanted to see what would happen and how I would be able to claw back from this.[LOL]  I mean I also believed that it was a necessary pain for my personal growth and my investment journey.

I had to find ways to reduce risk and claw back my way to being profitable again by selling calls on these positions at resistance levels. Holding strong to the initial investment thesis and ensuring that they're still intact (strong fundamentals and growth outlook) and by analysing the charts knowing that the bullish market structure is not broken still (with higher highs and lower lows on the higher time frame) (and also with a huge amount of luck) the market slowly (and recently more swiftly) turned around again.

It has been deeply humbling and I've learned much from this experience. Not to say that I'm glad I went through those sleepless and long nights but I believed it was necessary pain I had to go through in order to become a better investor and trader. 

Risk management in your positions is crucial to doing well in the markets and sometimes being able to stay alive in this game is more important than being "right". The market is always right no matter what and market makers will always try to flush out weak hands and swing narratives and emotions, testing your limits and thesis all the time. Learn to ignore the noise (news by mainstream media), buying at support levels and being careful at resistance is crucial to managing your trades and emotions too. 

It pains me seeing other opportunities fly by and not being able to take advantage of them when the time was right because of improper risk management initially.

I have also found experienced traders and teachers along the way, subscribing to their ideas and Patreon to learn what others are seeing has opened my mind to different styles of trading/investing. I used to be a fundamentals-first-charts-second kind of investor, but now have seen how important technical analysis is. Personally, more emphasis is being placed on the charts now and the fundamentals/ narrative will follow. Im also staying open minded to other styles and will strive to be a better investor/ trader. 

I'm treating this like an online diary at this point now and thanks for reading this long ass post while I'm writing this at 5am.