I've been in these markets for years now.
What I can say is that I've hurt my portfolio a lot by comparing myself to others.
When you've been in these markets for a while you'll undoubtedly meet a few friends both in real and online that are also involved.
You'll also subconsciously compete with them whether you like it or not.
Some of them will outperform you and you don't want to be left behind.
You don't take any profits and you'll also start to take more risks.
After all, a 5x on a $20k portfolio is another $80k profit right?
Way better than a 5x on a $15k portfolio because you took $5k off and send it to the banks.
That's only $60k profit after all (or $65k if you count the $5k send to the bank).
Yet, this is exactly what kills you.
Because you'll repeat this process. Not just at $20k but also at $100k. Because your friend told you he's at $200k right now.
See where I'm going with this? I'm all saying this because I've been that person for years.
Better yet, in all those years I've only been able to let that go for the last 2-3 years.
Meaning it took years to stay in that trap.
The only competition you should have is yourself. Literally no one else.
(there's also a good chance they are lying as well. Especially the larp threadors with those fake portfolio screenshots here)
You do you and you'll just have to make sure you'll end up with more this year than you did last year.
If you did, you're a winner like $SOL š¦
