The most interesting thing about the market is that it has almost no memory.
Yesterday’s panic won’t stop prices from rising today.
Last month’s euphoria doesn’t guarantee that prices will keep rising this month.
A line of reasoning once believed by countless people can suddenly stop working at some point.
People, on the other hand, are quite the opposite.
We remember what worked last time, stay wary because of past losses, and may develop biases toward certain market conditions because of our experiences.
These memories help us learn, but they can also limit our judgment.
The real challenge isn’t remembering what happened in the past, but figuring out whether past experience still applies today.
Experience is worth considering, but it shouldn’t be a reason to stop observing reality.
The market won’t promise that you’ll be right next time just because you were right before.
The past can offer clues, but it can’t make decisions about the future for us.
#binance
Yesterday’s panic won’t stop prices from rising today.
Last month’s euphoria doesn’t guarantee that prices will keep rising this month.
A line of reasoning once believed by countless people can suddenly stop working at some point.
People, on the other hand, are quite the opposite.
We remember what worked last time, stay wary because of past losses, and may develop biases toward certain market conditions because of our experiences.
These memories help us learn, but they can also limit our judgment.
The real challenge isn’t remembering what happened in the past, but figuring out whether past experience still applies today.
Experience is worth considering, but it shouldn’t be a reason to stop observing reality.
The market won’t promise that you’ll be right next time just because you were right before.
The past can offer clues, but it can’t make decisions about the future for us.
#binance
