Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)

Panda: Hey Troll, I’m looking for some glossy photos of feet that were in the office. Have you seen them?

Publish0x Troll: Boy have I ever! Such cute toes! Such nice soles!

Panda: Well hand them over, I need to mail them out.

Publish0x Troll: Sure, why do you have so many anyway? I never thought of you as a feet guy!

 Panda: I’m not but you’d be surprised how much pervs will pay for these.

Publish0x Troll: Well those are some hot looking feet.

 Panda: What were you doing with them anyway?

Publish0x Troll: It’s been a stressful week keeping up with the crypto markets! I needed some stress relief!

Panda: OH NO! WHAT DID YOU DO!

Publish0x Troll: What’s the big deal? I had to choke the chicken, wax the dolphin and drain the one eyed lizard!

Panda: YOU IDIOT! THOSE WERE YOUR GRANNY’S FEET!

Publish0x Troll: AAAGH!

Frens, sometimes we make terrible mistakes like Troll.

We can’t reverse our errors but we can learn from them and move on.

Doing regretful things in crypto doesn’t have to be so embarrassing or painful.

We can learn constructive lessons and apply them for the future.

It hurts when your trades don’t go your way but you have to review them to diagnose what went wrong.

It’s helpful to ask yourself the following questions after closing out a trade.

Did you practice basic risk management?

Was your position size too large?

What was the market context?

Did you enter too late?

Did you exit too early?

How many days will it take to recover the losses?

Losses sticks in your craw especially if they were much larger than expected.

You need to accept that losses will be part of the trading process.

Successful generals do not like losing but realize that ceding battles occasionally is necessary to win a war.

During periods of consolidation traders need to sacrifice something to gain information or favorable positioning.

For example, suppose your favorite publicly traded Bitcoin miner currently trades in a range.

You place a trade anticipating an upside breakout.

After you get filled it goes up maybe a dollar or two.

Even after a good earnings report you notice it just flops around in a narrow range.

This might be a sign something is wrong. You then buy a protective put option just in case.

As soon as you get filled, yet another government agency with nothing to do talks tough on crypto. Everything related to crypto tanks.

It’s a good thing you took decisive action!

Your first trade did not die in vain. You realized something seemed off and sidestepped a market trap.

As the world gets messier, financial markets will follow. Expect trading to resemble the difficulty levels on a video game.

We’re playing hard mode now!

If you haven’t started already keep good notes on your trades and take corrective action where necessary.

This won’t guarantee gigantic gains but it could improve your overall profitability.

Don’t lose the lesson for the next trade!

Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.

Be sharp, stay hungry let’s get that money!