Someone asked me how I look at the chart, and the thought that came to mind was this line.
The gambler’s fallacy contains a principle:
Five straight days of decline doesn’t mean the sixth day has to go up. The market has no memory, but you do. That feeling of “I need to get my money back” is the starting point for averaging down by adding more—and it’s also the beginning of a liquidation.
Take today’s $SAND as an example: now it’s 0.073780, up +16.23% over 24 hours. This kind of market movement happens to confirm the point above. It’s not a coincidence—it’s human nature repeating itself in the chart.
The market won’t go easy on you just because you understand the logic. The行情 (market) is right there; no amount of panic helps.
#SAND #投资哲学 #交易心态 #币圈
The gambler’s fallacy contains a principle:
Five straight days of decline doesn’t mean the sixth day has to go up. The market has no memory, but you do. That feeling of “I need to get my money back” is the starting point for averaging down by adding more—and it’s also the beginning of a liquidation.
Take today’s $SAND as an example: now it’s 0.073780, up +16.23% over 24 hours. This kind of market movement happens to confirm the point above. It’s not a coincidence—it’s human nature repeating itself in the chart.
The market won’t go easy on you just because you understand the logic. The行情 (market) is right there; no amount of panic helps.
#SAND #投资哲学 #交易心态 #币圈