The few hours after a major event breaks are when it’s easiest to make the wrong decision.
News comes in one story after another. Prices point in one direction, then take it back. It’s easy for people watching the market to mistake “I saw the news” for “I understand the price.” There’s a gap between the two, and that gap never shows up in the news.
Here’s a simple trick. Sort every story you see that day into two categories: what’s already reflected in the price and what hasn’t been priced in yet. Just note the first category; only the second is worth spending time on. If you can’t tell, assume it’s already priced in. That will curb most impulsive reactions.
Here’s an even simpler one: set aside some time when you don’t watch the market. It’s not really about discipline. When the information flow is too dense, your judgment gets swept along by the latest story. The brighter the screen, the fuzzier your thinking. Two hours with notifications turned off often leave you seeing things more clearly than six hours glued to the screen.
Events have timestamps; pricing doesn’t. No one can fill in the blank stretch in between. All you can do is avoid making rash moves in it.
$BTC #交易心态 #MarketObservations
News comes in one story after another. Prices point in one direction, then take it back. It’s easy for people watching the market to mistake “I saw the news” for “I understand the price.” There’s a gap between the two, and that gap never shows up in the news.
Here’s a simple trick. Sort every story you see that day into two categories: what’s already reflected in the price and what hasn’t been priced in yet. Just note the first category; only the second is worth spending time on. If you can’t tell, assume it’s already priced in. That will curb most impulsive reactions.
Here’s an even simpler one: set aside some time when you don’t watch the market. It’s not really about discipline. When the information flow is too dense, your judgment gets swept along by the latest story. The brighter the screen, the fuzzier your thinking. Two hours with notifications turned off often leave you seeing things more clearly than six hours glued to the screen.
Events have timestamps; pricing doesn’t. No one can fill in the blank stretch in between. All you can do is avoid making rash moves in it.
$BTC #交易心态 #MarketObservations
