Had this for a long-term investment. Indeed I am having trouble determining what is a trade and what isn't. Therefore it is in my best interest to consider everything to be a trade I surmise.
I made the fatal error of not selling on the spike, despite ample evidence the price increase was temporary. And now we have a >50% correction.
Aside from losing money, there's nothing worse than having a massive profit (like 40x) turn into a much smaller profit.
I keep forgetting to take profits. Trying to incorporate multiple lessons, the lessons of holding, the lessons of profit taking, etc. It is not simple nor straightforward. From this lesson, however, it seems the most important thing is selling when it is time to sell, and buying when it is time to buy. This trumps hodling and all the other junk.
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