I copied this passage into my notebook and look back at it every now and then.
There’s a lesson in what it says about living expenses and spare cash:
Trading with spare cash and trading with money you need for living expenses are two completely different games. You can’t afford to lose the latter. When you can’t afford to lose, you’ll lose your composure; once you do, you’re bound to lose. Solve this problem first, then talk about technique.
Take today’s $ETH as an example: it’s at 1,831 now, down 3.86% over 24 hours. This market action is a perfect illustration of the lesson above. It’s no coincidence—it’s human nature repeating itself in the market.
The market won’t go easy on you just because you understand the lesson.
We’ll talk about it tomorrow.
#ETH #投资哲学 #交易心态 #Crypto
There’s a lesson in what it says about living expenses and spare cash:
Trading with spare cash and trading with money you need for living expenses are two completely different games. You can’t afford to lose the latter. When you can’t afford to lose, you’ll lose your composure; once you do, you’re bound to lose. Solve this problem first, then talk about technique.
Take today’s $ETH as an example: it’s at 1,831 now, down 3.86% over 24 hours. This market action is a perfect illustration of the lesson above. It’s no coincidence—it’s human nature repeating itself in the market.
The market won’t go easy on you just because you understand the lesson.
We’ll talk about it tomorrow.
#ETH #投资哲学 #交易心态 #Crypto