Miles Deutscher|2月 01, 2026 07:20
Real talk.
I know this market is super hard for a lot of you.
It's brutal and has been extremely hard to navigate, even for the most seasoned traders/investors.
I've personally taken a decent hit since portfolio highs and underperformed the benchmark overall, despite having some wins in 2025.
My best advice now, based on 7 years in this market (and almost completely wiping myself out twice), is:
1. Prioritise survival over all else - even if it means making less money short-term, you'll stay in the game for longer, which is a stronger predictor of long-term success.
2. Forget your portfolio's all-time high number. This is easier said than done, as even I wrestle with the comparison regularly. But it does no good. All you can do is your absolute best to allocate your current funds/income. This means making objective decisions based on what you think will happen from NOW, not on past performance (sunk costs). If this means you need to cut some bad positions at a loss, do it. The market doesn't care about your past bias. More broadly, this also includes assessing your ideal % allocation to the crypto space overall. Define your number (if you're more risk-off, it could be 5-10% - if you're more risk-on, 25%, and if you're 50%+, make sure you have a good reason). There's no right or wrong, I just think it's important to make sure your actual positioning aligns with your real goals. Good rule of thumb: if you're panicking during this dip, you're probably overexposed.
3. Consolidate into quality assets only. This isn't the time to hold sub-par assets. Quality (in my mind) = revenue-generating assets, with strong PMF and survivability (due to business model/mindshare) during bad periods. These are the tokens that will bounce back the strongest (these are also represent the best R/R for fresh buys).
Remember, we've been here before. I became a millionaire in 2021 and roundtripped 80% of my gains in 2022. I saw half my portfolio get wiped in a day in 2020. I had millions in paper profits wiped towards the end of 2024. Markets are brutal. But that's where you get your edge. If you're able to be a true survivor, stay engaged when others simply aren't willing to, you'll have a huge advantage. Use these periods to learn, reflect, and level up. Investing/trading is an identity. You need to own it and not let price dictate your motivation. Does a pro athlete let a loss dictate their willingness to get better? No, they get up, dust themselves off, learn, and go again.(Miles Deutscher)
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