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Issue 16 – Don’t Lose Sight of the Big Picture


Sometimes, the best thing you can do is take a step back and look at the big picture.

That’s as true for investing as it is for life.

It’s easy to get sucked into the here and now. Where is Bitcoin trading today compared to last week or last month?

A far better comparison is where it was years ago, during the last bull market. And especially where it was trading during the previous bear market.

If you’re invested in cryptos as I am, a week, a month, or even a few months is trivial. Focusing on where cryptos have come over the years, not months gives you a much better idea of where they’re going.

It also makes it much easier to control your emotions.

And if your portfolio is down, take advantage of the opportunity and average down. It can seem counterintuitive to buy when the market is red, but it’s a no-brainer once you zoom out.


When in Doubt, Zoom Out

Investing can be difficult. Not because of the necessary due diligence, but because it takes patience.

Humans lack patience. We gravitate toward instant gratification in every aspect of our life.

Take the company Amazon as an example.

They didn’t become one of the largest companies in the world because they have the lowest prices. They did it by offering insanely fast shipping times. Two-day and even same-day shipping in some cases.

Financial markets are similar.

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Trading Tools & Resources

The links below are affiliate links. Meaning that at no additional cost to you, I will earn a commission if you click through and sign up.

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TraderSync - The crypto trading journal I use and trust. Enter trades manually or import from dozens of brokers/exchanges, including Bybit! Track your win rate, average return, profit factor and identify mistakes to improve your trading. 

Justin T Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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