I copied this passage into my notebook and reread it every so often.
There’s a principle about living expenses and spare cash:
Trading with spare cash and trading with money you need to live on are two completely different games. With the latter, you can’t afford to lose. When you can’t afford to lose, you lose your composure—and once you do, you’re bound to lose. Sort this out before you talk about strategy.
Take today’s $ETH as an example: it’s at 2,435 now, down 1.00% over the past 24 hours. This kind of market action perfectly illustrates the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
The more I think about it, the more I feel that in the end, trading is less about skill and more about temperament.
The market is what it is. There’s no point getting impatient.
#ETH #投资哲学 #交易心态 #Crypto
There’s a principle about living expenses and spare cash:
Trading with spare cash and trading with money you need to live on are two completely different games. With the latter, you can’t afford to lose. When you can’t afford to lose, you lose your composure—and once you do, you’re bound to lose. Sort this out before you talk about strategy.
Take today’s $ETH as an example: it’s at 2,435 now, down 1.00% over the past 24 hours. This kind of market action perfectly illustrates the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
The more I think about it, the more I feel that in the end, trading is less about skill and more about temperament.
The market is what it is. There’s no point getting impatient.
#ETH #投资哲学 #交易心态 #Crypto