How to stay 'calm' in the crypto world and avoid following the crowd and cutting losses?
The fluctuations in the crypto market are huge, and many investors can easily be swayed by market emotions.
When prices rise, everyone is optimistic; when they fall, panic spreads, and many people end up cutting losses during this process.
Staying calm is one of the key skills for survival in the crypto world.
First, you need to establish your own trading rules and strategies and strictly adhere to them, without arbitrarily changing your plans due to short-term market fluctuations.
Secondly, learn to manage your emotions and avoid being driven by FOMO (fear of missing out) and panic.
Finally, appropriately distance yourself from market trends, give yourself time to think calmly, and avoid frequently checking prices that cause emotional fluctuations.
Only by truly staying calm can you avoid blindly following the crowd, reduce losses, and achieve long-term stable profits.
