🧠 The Mental Game: How not to act impulsively in the market?
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In the world of cryptocurrencies, our greatest tool is not a fast computer, but self-control. When we look at price variations, it's easy to fall into emotional traps.
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Here are 3 golden rules to stay calm when the market moves:
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1. Respect the Market Cycle 🔄
The market is like breathing: it needs to exhale (drop) in order to inhale (rise) again. Short drops do not mean the end of the world; often they are just the market "catching its breath". Trying to predict every little fluctuation is the fastest way to stress.
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2. Plan BEFORE, execute AFTER 📝
The worst time to decide what to do is when the price is dropping fast. Fear (known as FUD) locks our logic.
Have a goal: "I will exit if it reaches X".
Have a limit: "If it falls to Y, I accept the loss".
Follow the plan: If you have a plan, the movement of the market becomes just a timer, not a surprise.
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3. Look at the "Buzz" (Order Book) 📊
Before making a decision, observe what the majority is doing. Sometimes, there are many more people wanting to sell than to buy at a certain moment. Don’t try to fight against the tide; learn to surf on it.
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💡 Remember: In trading, patience is profit. Those who are in a hurry to win often end up giving what they have to those who know how to wait.
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Are you the type that stays calm or does your heart race with every movement? Tell me in the comments! 👇
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