I took profits from the last wave; I felt the hype in the market and was able to cash out on the holdings I had. However, currently my account is still down 66% compared to the all-time high. Why is that?

I held onto tech coins and out-of-trend coins during the last wave, as shown in the picture above. Although the altcoin season has arrived and my account increased, it was overshadowed by the performance of AI and meme coins. So when taking profits, I transferred most of my funds into ETH and trending coins instead of going into BTC and stablecoins.

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If I had cashed out into BTC and stablecoins, my account would currently only be down about 25%. This is a lesson for me for the next wave (if there is one). If this cycle ends here, I will look to restructure my account towards BTC and stablecoins.

Don’t try to compete too much; the market this season is very difficult, and the OGs from the previous season have hardly made much. Most people who profited from AI and meme coins have mostly given back to the market, and very few have truly profited. Staying persistent in the market is the only key to making profits.