Beginner's Guide to Chives: How to Lose Money and Maintain a Normal Mindset.

Losing money in the crypto world is the norm. Here, losses like missing out and cutting losses are common. When closing positions, cutting losses, or facing liquidation, one usually feels deep regret.

Even revenge trading behaviors can lead to situations where losses, stop-losses, or liquidations reduce your account to zero. So how do you maintain a mindset after losing money? The following content is based on personal experience.

First, you need to secure a stable income, such as delivering food. This way, you can comfort yourself by thinking, I've lost this much, but I can earn it back in a certain amount of time. If your losses far exceed your income, you can operate like this.

For example, if you bought ETH at a high price and then cut your losses, resulting in a loss of 3000 USD, you can now buy 3000 USD worth of some meme coin on the blockchain. If it doubles, it will help cover your losses. If it doesn't hold, you can choose to break even or continue selling. This way, your focus will shift to this meme coin rather than obsessing over the losses from ETH.

If this meme coin continues to decline, you will feel more comfortable, as you anticipate that this time you haven't lost as much, which will ease your mind. If you sell the meme coin and then see its price rise, you'll feel bad about missing out, and you might buy 3000 USD worth of ETH again, since ETH is relatively stable. Then, by holding onto it, you can effectively alleviate the psychological discomfort of losing 3000 USD. After that, you can play games or watch TV shows. Essentially, you'll likely forget about that remaining 3000 USD.

If you are constantly troubled by the pain of liquidation, why not pay attention to Adit? It could help you avoid some detours. #币安Alpha上新