Developing a trading strategy enabling one to succeed win or lose is a winning mentality.
What does this mean?
Never be so confident to bet life savings, mortgage or debt.
Have enough cash reserves to live on for a year + 40% extra allocation in cash or stable coins to hedge a bear cycle buy limits spaced 10k apart in increments allowing one to swing trade and make consistent income without being completely trapped in long spots.
Each buy limit set 10k apart lowers the initial buy-in price by 5k. When price violently goes up and down, one is able to exit their spot positions rapidly in profit, while having ample cash to position themselves for a possible market reversal up.