Before I buy any coin, I ask myself one simple question:

“If I had ZERO money in this coin right now… would I still buy it at this price?”

That’s it 😂

Sounds simple, but try it once.

Something funny happens to us after we buy a coin.

Before buying:

“Price looks high…let me wait.”

After buying:

“Very bullish 🔥 breakout coming 🚀”

Same coin.

Same chart.

Same market.

Only one thing changed…

Now our money is inside 😂

And once our money is inside, suddenly every green candle looks bullish and every red candle becomes “just a healthy correction.”

This is where I use my strange little rule.

I forget my entry price for a minute.

I don’t think about my profit.

I don’t think about my loss.

I simply open the chart and imagine:

I DON’T OWN THIS COIN.

Then I ask myself again:

WOULD I BUY THIS NOW?

If my answer is YES, good. Now I want to know why.

Is price holding an important level?

Is the trend still strong?

Is volume supporting the move?

Is momentum still healthy?

Or am I saying YES only because I already own it? 👀

And if my answer is NO…

Then I have another question:

If I wouldn’t buy it here, why am I expecting everyone else to buy above me? 😂

That question has saved me from becoming emotionally attached to a chart many times.

Indicators are useful.

Support and resistance are useful.

Volume is useful.

News is useful.

But sometimes the most dangerous indicator on our screen is something we cannot see:

OUR OWN BIAS.

I am not saying sell a coin just because you wouldn’t buy it again today. Holding and entering are two different decisions.

My point is simpler:

Don’t let your entry price decide what you see on the chart.

Market doesn’t know where you bought.

Market doesn’t care about your target.

And market definitely doesn’t care that you need 20% more to recover your loss 😂

So next time you open a coin you’re holding, try this once.

Forget your entry.

Forget your P&L.

Look at the chart like you’re seeing that coin for the first time.

Then ask:

WOULD I BUY THIS NOW?

Your answer may surprise you 😂

— Master CX

#tradingpsychology #BinanceSquare #CryptoTrading.