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RE: Prepare yourselves!
Yeah, it's difficult to trade when you see a lot of loses on paper. But I try to think about any assets that I hold long term as seperate from my trading account. And, if I've done my job properly, as soon as we start on a down turn, my trading account should be completely in fiat. Then I just try to put my long term holdings out of my mind on a crash, and use my fiat to buy back in and hopefully earn some money on the bounce-back.