You'll be fine! This is not an invitation to invest or a suggestion of what to do in regards to your finances. I'm talking about your mood, stress and how this feeling of panic, oppression and despondency will soon pass. Make an effort, keep reading.
STRESS ENEMY OR ALLY
Stress is highly desirable in some scenarios because it helps you to focus and react. Adrenaline and cortisol flood the body. It causes an increase in blood pressure, breathing, and heart rate. Glucose is released into the bloodstream for a burst of energy and the fight or flight response takes over.
Unfortunately, this isn't particularly helpful when running a marathon. Chronic stress or “Duress” affects the very nature of how your brain, heart, and immune system all function and can even lead to depression. There are several ways to help you cope, but the primary ones are:
- Re-establish daily cycles of sleep behavior, eating and activity for your body to re-familiarize yourself with your routine.
- Avoid eating carbohydrates at night, especially if you're not hungry. This can compound your troubles with all types of additional psychological and physiological complications.
- Avoid negative news, FUD, or feelings that exceed your ability to cope. Do not open positions without STOP loss orders in place; especially in a bear market. Consider avoiding taking positions with large portions of you portfolio. FOMO is real!
It's important to keep in mind your body isn't a machine, but a companion for life. Focusing on maintaining your health in times of unfortunate losses and also in times of euphoric gains. Listen to the signals your body is telling you and heed it's warning signs. Keep Calm. Exercise regularly. Breathe!
No epic journey is without loss. There are no financial market assets with infinite parabolic hyper-waves of bullish momentum. Change, loss, and set backs are a part life and most certainly market trading. Streamlining the acceptance of this reality will become a necessary fundamental step on the long journey to true and meaningful success.
Investors break every day! If you've had the opportunity to talk to some you will notice that most who've conquered consistency have blown more than one account before realizing return. Don't kid yourself, it's not easy. Focus only on what you can control and learn from the past.
In addition, it may appear to be a little late to talk about risk management, but it is essential to review the movements of the past and take the apprentice position.
Think about your personal skills.
Do you know how to exercise risk management?
Do you know how to build wealth?
Is your portfolio diversified?
Is it hedged?
Answer these questions, plan, don't give up, do not capitulate from your financial responsibility and freedom, you are determined to succeed!
Finally, know that Bitcoin today, August 14th, is 200 USD from 0.786 fib retracement based on the strongest Price of Control pivot from 2017. It's not the end of the world, this is however an inevitable learning experience on the road to success. Just raise your fist and keep fighting!