After turning $ETH 1 into 6000, what he feared most was not losing money, but missing out
Half a year ago, a friend of mine took 10,000 yuan and entered the crypto market.
He studied candlestick charts every day, switching back and forth between the 1-hour and 15-minute timeframes.
Whenever he saw a coin moving fast, he wanted to jump in.
But in less than a month—
His account dropped from 10,000 to 6,000.
At the hardest times, he often could not sleep at night.
One day he told me:
"What I fear most now is not losing money.
It is watching it rise back up, while I am not on board."
This sentence is actually very typical.
After many people lose money—
Their first reaction is not to stop.
It is to rush to win back the money they lost.
As a result, the more anxious they are, the more easily they lose their judgment.
They chase after surges, and buy the dip after sharp drops.
In the end, trade after trade, the original small loss snowballs into something much bigger.
Later, I told him not to rush into trading for now.
Instead, go back and review every trade he made before.
He summed it up himself with one sentence:
"It was not that I could not read the charts before. I just wanted the answer too quickly."
From that point on, he started changing his pace.
When the price rose a long way and then pulled back—
He would not immediately decide that the trend was over.
Instead, he would look at volume during the pullback and at key price levels.
When volume suddenly surged at a high level, then price pushed up and quickly weakened—
He would become cautious first.
After a big drop, when there was a sudden rebound—
He would not buy the bottom just because "it has already fallen a lot."
Even when volume expands at the bottom, he would not get excited just because one day’s volume was huge.
He would continue to observe whether the later trading volume and price were following through.
Over the next six months, he slowly rebuilt his account.
Later I asked him:
"Do you still fear missing out now?"
He said:
"Still do.
But compared with missing out, I am more afraid of being impulsive again."
Actually, a lot of things in trading are not that complicated.
If you can understand it, do it; if you cannot, wait.
If your judgment is wrong, get out in time, and do not fight with one losing trade.
Making a little less is not scary.
What is most frightening is trying to recover yesterday’s losses and ending up putting tomorrow’s principal on the line as well#CPI数据来袭能否触发9月加息
Half a year ago, a friend of mine took 10,000 yuan and entered the crypto market.
He studied candlestick charts every day, switching back and forth between the 1-hour and 15-minute timeframes.
Whenever he saw a coin moving fast, he wanted to jump in.
But in less than a month—
His account dropped from 10,000 to 6,000.
At the hardest times, he often could not sleep at night.
One day he told me:
"What I fear most now is not losing money.
It is watching it rise back up, while I am not on board."
This sentence is actually very typical.
After many people lose money—
Their first reaction is not to stop.
It is to rush to win back the money they lost.
As a result, the more anxious they are, the more easily they lose their judgment.
They chase after surges, and buy the dip after sharp drops.
In the end, trade after trade, the original small loss snowballs into something much bigger.
Later, I told him not to rush into trading for now.
Instead, go back and review every trade he made before.
He summed it up himself with one sentence:
"It was not that I could not read the charts before. I just wanted the answer too quickly."
From that point on, he started changing his pace.
When the price rose a long way and then pulled back—
He would not immediately decide that the trend was over.
Instead, he would look at volume during the pullback and at key price levels.
When volume suddenly surged at a high level, then price pushed up and quickly weakened—
He would become cautious first.
After a big drop, when there was a sudden rebound—
He would not buy the bottom just because "it has already fallen a lot."
Even when volume expands at the bottom, he would not get excited just because one day’s volume was huge.
He would continue to observe whether the later trading volume and price were following through.
Over the next six months, he slowly rebuilt his account.
Later I asked him:
"Do you still fear missing out now?"
He said:
"Still do.
But compared with missing out, I am more afraid of being impulsive again."
Actually, a lot of things in trading are not that complicated.
If you can understand it, do it; if you cannot, wait.
If your judgment is wrong, get out in time, and do not fight with one losing trade.
Making a little less is not scary.
What is most frightening is trying to recover yesterday’s losses and ending up putting tomorrow’s principal on the line as well#CPI数据来袭能否触发9月加息
