When someone asks me how I look at the market, this is the phrase that comes to mind.
In "Predictably Irrational," there is a point made: Ariely proved that people are predictably irrational. Losing ten thousand is still losing ten thousand, but if you lose it on a coin you chose yourself, it hurts more, because it was your choice. That kind of pain makes you stubbornly hold on and refuse to admit you were wrong.
Take today's $BTC as an example: now at 79,773, 24h -2.45%. This kind of market just confirms the point above. It's not a coincidence; it's human nature repeating itself on the chart.
The more I think about it, the more I feel that in trading, what matters in the end is not skill, but mindset.
First, reduce your position.
#BTC #投资哲学 #交易心态 #币圈
In "Predictably Irrational," there is a point made: Ariely proved that people are predictably irrational. Losing ten thousand is still losing ten thousand, but if you lose it on a coin you chose yourself, it hurts more, because it was your choice. That kind of pain makes you stubbornly hold on and refuse to admit you were wrong.
Take today's $BTC as an example: now at 79,773, 24h -2.45%. This kind of market just confirms the point above. It's not a coincidence; it's human nature repeating itself on the chart.
The more I think about it, the more I feel that in trading, what matters in the end is not skill, but mindset.
First, reduce your position.
#BTC #投资哲学 #交易心态 #币圈