During the 2017 or 2021 bull run, it was common to see a 40% pullback. However, as long as the overall trend creates higher lows, the market remains bullish. Holding an asset for the long term and weathering the 30-60% downturns is a proven way to beat the market.
To succeed in trading, it's essential to manage your emotions and avoid making decisions based on them. You should focus on trading the chart you have, rather than getting swayed by news or rumors. The key is to remain rational and disciplined, regardless of the market conditions.
By being systematic and rational, you can improve your chances of success in the market.
Thanks for reading and take care!
Best regards,
Ryan Holmes