At first, it is easy to get carried away by the market, chasing gains and cutting losses back and forth, with emotions pushing every trade. In this stage, ninety percent of the losses are caused by emotion, not technical issues. After taking some losses, you start to look at the bigger picture and the cycle, and understand that profits come from waiting rather than constantly acting. Moving from random trading to disciplined entries and exits is the turning point from losses to profits.$ETH
Once you get through that step, you have your own system, with clear reasons for entering and exiting, and standards for stop loss and take profit. You no longer feel anxious even when not watching the market, and by following the system, you can handle both rises and falls. In trading, what finally matters is rules and execution.#LululemonTumbles20%OnWeakGuidance $ZEC
There is also a situation where someone uses heavy positions, chases highs, and applies high leverage, only wanting to win back losses, but ends up becoming more and more chaotic. If you find yourself at this stage, stop first. Correcting course is far more important than forcing it.
Growth in the crypto world is essentially a process of upgrading your understanding. Recognize clearly where you are stuck, give up wishful thinking, bring your thinking back on track, and follow the rules steadily for the long term. Only then can you break out of the cycle of losses. When the rules are kept, the account has a chance to move forward.$DASH
Once you get through that step, you have your own system, with clear reasons for entering and exiting, and standards for stop loss and take profit. You no longer feel anxious even when not watching the market, and by following the system, you can handle both rises and falls. In trading, what finally matters is rules and execution.#LululemonTumbles20%OnWeakGuidance $ZEC
There is also a situation where someone uses heavy positions, chases highs, and applies high leverage, only wanting to win back losses, but ends up becoming more and more chaotic. If you find yourself at this stage, stop first. Correcting course is far more important than forcing it.
Growth in the crypto world is essentially a process of upgrading your understanding. Recognize clearly where you are stuck, give up wishful thinking, bring your thinking back on track, and follow the rules steadily for the long term. Only then can you break out of the cycle of losses. When the rules are kept, the account has a chance to move forward.$DASH
