There is a dumbest method for trading cryptocurrencies that almost guarantees 100% profit. I made over 20 million using this method!
In the trading market, 90% of losses stem from a collapse in mindset!
These 5 points can help traders understand their personal trading mindset and provide corresponding adjustment strategies.
1. Dealing with Losses
When facing losses, traders should choose to exit according to their planned stop-loss, calmly analyze market signals, and avoid the loss aversion trap.
2. Following Others' Decisions
When faced with others making profits, traders should check if it aligns with their own trading system before deciding to follow, avoiding the fear of missing out.
3. Position Adjustment After Continuous Profits
After continuous profits, traders should maintain their original positions, avoiding being hijacked by dopamine, and rationally judge based on Bayesian probability models.
4. Emotional Control While Holding Positions
When holding positions, traders should set price alerts and rest easy, avoiding anxiety from micro fluctuations, and view the market from three perspectives.
5. Responding to Continuous Stop-Losses
When encountering continuous stop-losses in the system, traders should check if the market environment exceeds the applicable range of their strategy, avoiding cognitive dissonance crises.
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