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Took a few days away from the market for my girlfriend’s birthday. We went to a No Art festival in Lisbon. Right as RÜFÜS DU SOL came on, my brother was blowing up my phone and my crypto group chat was going nuts - the crypto market was having its biggest liquidation event in history.

I didn’t even bother checking the charts - I was half-cut and in no frame of mind to do anything - so I just left it and forgot about it five minutes later.

The next morning, hungover, I opened the charts to see 80% wicks on several of my positions. Absolutely insane price action. While I’m relieved I avoided what would’ve been an incredibly stressful moment to watch live, I’m also frustrated I missed some unreal buying opportunities.

We picked up our campervan a few hours later and have been on the road since, so I haven’t made any moves yet. I did have some leverage on, so I took some damage, but nothing compared to some accounts out there - a lot would’ve blown up.

It looks like all the leverage has been flushed, so I’m expecting a V-shaped recovery from here. In events like this, the coins that recover the hardest and fastest often go on to outperform in the months ahead. I’ll decide on making any moves and share a full post in the coming days.

Oct 13
at
9:32 AM
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