The end of the cryptocurrency tycoon is writing books
Satoshi Nakamoto——"Bitcoin" Li Xiaolai——"On the Self-Cultivation of Leeks" Sun Yuchen——"This World is Both Cruel and Gentle" Zhao Changpeng——"Beyond Borders" Xu Mingxing——"Illustrated Blockchain"
Why is it that when the market drops, people are afraid to buy in but are willing to cut losses?
From a psychological perspective, it primarily stems from the "loss aversion" phenomenon—people perceive the "pain of loss" to be 2.5 times greater than the "joy of gain," so when the market falls, individuals experience more pain and worry about further losses;
Secondly, there is the "herd mentality"—as more people become bearish and cut losses during a downturn, it’s easy to be influenced by negative emotions and constantly doubt one's own judgment;
Finally, there is the "anchoring effect"—the already pessimistic emotions during a decline will more easily lead to looking for even lower historical prices as benchmarks, believing that prices will drop even further.
Therefore, those who shout for 60,000 to go all in look towards the even lower 40,000, and not only do they not buy in, but they have even cut losses.
I just said where Liangxi went, it turned out to be trapped, once the big short, shouting out hundred times leverage to blow up the exchange, and now actually starting to buy spot goods, is this still the general?!🤔
This time, Sun Ge's book has reached first place on the WeChat Reading overall ranking! Many people say that if you finish reading and don't ask for a refund, then you haven't grasped the essence of Sun's study 😂
Kneeling on behalf, paying New Year's greetings on behalf 🤣 Is there anyone taking orders? Two hours for 999, isn't it nice to take five orders in a day?
How to control fomo emotions when you know the market isn't right for you but still want to participate
Speaking of fomo emotions, it’s actually the feeling of missing out. Just think about it: since you entered the circle, how many opportunities for financial freedom have you missed? Were these opportunities really 'missed' by you? Any myth of becoming rich is based on the fact that those who succeeded had some investment or effort; true pure luck is pitifully rare. It's like winning the lottery in reality; such things happen every day, and you must get used to it. We won't fomo Jack Ma because he became the richest man in the internet era, but we will fomo when our neighbor digs their land and suddenly finds gold, surpassing your so-called urban white-collar status. Jack Ma has put in a lot, and everyone knows it; hasn't the neighbor done the same? If he didn't find gold, then he would never surpass you in this lifetime. He would have to work hard on farming, and it would just be farming, so there's really nothing to be dissatisfied about. What's meant to be will be, and what's not meant to be should not be forced.
How to Determine Whether Your Trading System Can Truly Help You Achieve Profit in the Long Term
Are you still pursuing high win rates or high profit-loss ratios in trading? Many people, when trading, do not really think through what they are actually pursuing. Some stare at the win rate every day, believing that a win rate below 60% is unacceptable; others are obsessed with high profit-loss ratios, fantasizing that making 5 times or 10 times on one trade can solve all their problems. But the reality is often that the data looks good, yet the account does not stabilize in profit as a result. A more common situation is that traders like to compare themselves with others. Seeing others flaunt their performance, showcase high win rates, and display significant profit-loss ratios, they begin to doubt their own methods and frequently change strategies. However, what you see are just result screenshots, and you cannot see the number of trades behind them, the maximum loss, and the consistency of execution, or even whether there is a survivor bias.
$MYX – Rejected at a high level, momentum weakened. Short $MYX Entry: 5.55 – 5.70 Stop Loss: 6.20 $MYX – Target 1: 5.00 Target 2: 4.50 Target 3: 3.90 The upward push quickly stalled, selling pressure became evident on the first test, and buyer strength declined, indicating that this movement is a correction rather than a trend reversal. Momentum fell again, and buyers failed to gain acceptance above this area, maintaining significant downward momentum; shorting at this moment is very cost-effective.
KITE current price 0.1903, the price is slowly rising, and the structure is bullish. The current buying pressure continues to hold, but the volume is average, belonging to a moderate rebound and steady recovery market. • Support range: 0.1870 – 0.1850 • Resistance range: 0.1930 – 0.1960
Take profit references: TP1: 0.1930 TP2: 0.1960 TP3: 0.1990
Stop loss: 0.1845
As long as the price stays above 0.1870, the bullish structure remains intact; if the volume breaks through 0.1930, it is expected to open up further upward space. $KITE
$POWER Shorting it will be over!! This thing has a circulation of less than 10%, it can be said that it will definitely drop 100% in the future, unlocking tomorrow. It's just that in a bear market, there are many short sellers, and the whale has created a small short squeeze market, clearing out those with high leverage positions, and then forming a cycle that can easily drive the price very high, so it's important to avoid being liquidated and keep some bullets ready. It won't be long until the unlocking, so a small short can be considered.