There’s a kind of loss in crypto where you get the direction right, but still end up losing your money.
I’ve come to realize that the hardest part of trading isn’t predicting whether prices will rise or fall—it’s keeping your hands off the buttons.
$BTC When the market drops, you’re afraid of missing out, so you short. As soon as you get in, it suddenly rebounds, and you rush to cut your losses. When it starts falling again, you’re too afraid to get back in, and it just keeps going down without you.
In the end, you realize you’ve spent plenty of time watching the market, but you’ve lost plenty of money too.
So when I look at the charts now, I ask myself three questions first: $IOST Why is this a good place to enter? $SPCX Where will I admit I’m wrong? At what point should I take profits?
If I can’t answer those three questions, I’d rather sit it out.
There are opportunities in the market every day, but your capital isn’t unlimited. The people who last in crypto aren’t the ones who catch every move—they’re the ones who know which trades are theirs to take, and which markets they don’t understand well enough and should leave alone.
With trading, survive first; then talk about how much you can make. What do you think is the hardest part of trading: predicting the direction, or keeping your hands off the buttons?
#股票财报季 #比特币跌破8.4万美元
I’ve come to realize that the hardest part of trading isn’t predicting whether prices will rise or fall—it’s keeping your hands off the buttons.
$BTC When the market drops, you’re afraid of missing out, so you short. As soon as you get in, it suddenly rebounds, and you rush to cut your losses. When it starts falling again, you’re too afraid to get back in, and it just keeps going down without you.
In the end, you realize you’ve spent plenty of time watching the market, but you’ve lost plenty of money too.
So when I look at the charts now, I ask myself three questions first: $IOST Why is this a good place to enter? $SPCX Where will I admit I’m wrong? At what point should I take profits?
If I can’t answer those three questions, I’d rather sit it out.
There are opportunities in the market every day, but your capital isn’t unlimited. The people who last in crypto aren’t the ones who catch every move—they’re the ones who know which trades are theirs to take, and which markets they don’t understand well enough and should leave alone.
With trading, survive first; then talk about how much you can make. What do you think is the hardest part of trading: predicting the direction, or keeping your hands off the buttons?
#股票财报季 #比特币跌破8.4万美元
