During the bull run in 2021, many millionaires were made. But, where are they now? 🫣
I remember once when a guy posted on one of the alpha Discord groups I was in that he was waiting for the next bear market to "scoop cheap coins."
Fast forward to today, and they guy is broke. He lost it all while leverage trading. And he's not alone actually.
Most of the people who made gains in 2021 have round tripped that profit and lost it all. Those who came late in the bull run, waiting for a "dip" to buy have lost it all along the way.
This echoes what Cathie Woods, CEO of Ark Invest, said, "This bear market has been brutal. We have never seen anything like it."
But what can you do? How do you make the most of the current situation?
It's easy, but not so easy. The one thing you want to do is SURVIVE. And has you strive to survive this brutal bear market, keep grinding hard.
It is at times like this that practicing risk management is non negotiable. All of these will be over soon.
If you enjoy this post, please like and share with others. And do well to follow me too!