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RE: Power-Down started: thinking out loud plans for the bear market.

in LeoFinance3 years ago

What I've learned from being in markets for 20 years is every time you finally think you learned your lesson from the last time (or 3 times), it goes and does something else.

Too many people got burned in 2018 and are now looking for the exact same thing to happen because "cycles". Cycles change. Even people who weren't in the markets in 2017 are waiting for the crash because people who were in it have told them to expect it.

I'm not at all claiming I know what's going to happen but every time I see someone say they are waiting for the crash because it happened to them in 2018 the more I'm comfortable that its not going to happen.

Nice job on the taking profits in March though. It was very frothy.

We'll see I guess.

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I'm not looking for the exact same thing but as they say: ''History doesn't repeat itself, but usually rhymes''.

And so far this has rhymed with frightening precision. I know 100% sure that I won't sell the top but I won't hold through the bear suffering, that's for sure.

That is probably why bears hibernate ( and sleep it out ).
To not have to worry about the markets ;<)