Drive three altcoins that are about to take off!
LTC
Market cap target around $7.9 billion, has never been absent from historical bull markets, currently still at a low point. If the market starts, this coin is expected to complete a surge of more than three times, a classic coin resonating with emotions and history.
PEPE
PEPE is another meme-based project, priced below $0.001, but it quickly became one of the most promising cryptocurrency choices in its category. Its viral power is undeniable, and this momentum keeps its community active and visible.
Pepe has made the list and started to find its foundation in the DeFi circle. The expansion beyond meme hype helps solidify its position as a low-cost yet most promising cryptocurrency candidate.
Its trading activity remains high, proving that it can last longer than many other meme coins.
ADA
I believe the logic behind this coin's rise is that a large influx of users enters CB during a bull market, along with a narrative of improving regulatory conditions in the US, will contribute to the price increase. This coin belongs to a strong whale coin; if it weren't for strong whales locking in chips, it wouldn't be so stable in a bear market. The fundamentals of this coin are not important; it should be approached from the perspective of chips and user penetration. Every bull market will not miss out on pulling up.
The mindset in trading coins is crucial. Trading in the crypto world is a psychological game, testing the intelligence of millions, and is a fierce psychological battle.
In the long run, those with high psychological quality and a calm mindset tend to be the final winners. Trading coins evolves from curiosity and interest to skill, insight, judgment, wisdom, and ultimately to mindset and realm.
Success and failure lie in mindset. The emotions and rationality of participants play a decisive role in buying and selling. Without good psychological quality and a calm mindset, it is difficult to become a big winner. Afterward, one often understands the market trend, which is frequently influenced by mindset. Greed during uptrends and fear during downtrends; swinging confidence leads to mistakes and even loss of faith.
A good mindset in trading coins is not to be happy with rises, not to be sad with falls, not to be happy with profits, and not to be sad with losses. Although difficult, one should pursue a calm mindset. When buying correctly, do not be blindly optimistic; when buying incorrectly, do not be blindly pessimistic, to avoid affecting judgment.
Maintain a good mindset, not influenced by market changes, with more calmness and rationality, and less impatience and blindness, to keep the mind clear. A good mindset leads to good results.
The market will not change due to personal will. Before entering the crypto world, everyone possesses a spirit of overcoming difficulties and fighting with a strong will. This excellent spirit may make you very successful in your field, with a strong personality. However, when the market is unfavorable, you will not yield or retreat, but will still struggle to the end until you are worn down.
At this point, you may be defending your principle of not admitting defeat and not giving up, but you have forgotten the truth of the market. Therefore, trading is also a form of cultivation; learning to admit mistakes is essential for moving further.
Every fluctuation in the market is a reflection of the emotional responses of countless participants. Fear, hatred, anger, jealousy, greed, pessimism, despair, and other negative emotions can lead to irrationality and refusal to accept reality. You will buy higher than others and sell lower than others.
Learn to manage emotions and learn to release stress. Your failure is just due to negligence before unexpected events and panic after the unexpected occurs, leading to losses and a rush to compensate. I suggest that you always respect the market, trade with caution, and face the market with the attitude of walking on thin ice; do not rush after losses, stop, find the reason, and improve; impatience is the biggest reason for losses; over-investment is impatience; trading without signals is also impatience; frequent trading is impatience; increasing positions is impatience, which is greed, wanting to make money quickly.
The psychological effects of trading coins:
Psychological reactions stem from internal needs and external stimuli, and many traders may not notice these psychological activities during trading. This is particularly evident when trading 20x contracts; while it may not be easy to perceive in normal trading, it genuinely affects every trader. If a trader cannot overcome these psychological activities, it will inevitably lead to losses.
❶ Adaptive psychology
Adaptive psychology is our instinct; this adaptive psychology is fundamental to how we adapt to our environment. It can easily lead us to unconsciously form attitudes similar to those of people we identify with.
When those around us tell us that Bitcoin is rising, our similar views are not formed through logical reasoning but are subconsciously adapted from them. This psychology easily leads to herd mentality during bull markets, with everyone forming a unified opinion. When we face differing views, we immediately reject them and may become angry at that person to align with our inner feelings.
❷ Self-actualization psychology
People entering the speculative market all share a common characteristic: they dream from within and enter to realize their dreams, making them feel like someone important. This psychology leads to holding onto losses during bear markets without looking; in bull markets, it makes them feel like they are someone important, ultimately leading to inflated ego, significantly reducing risk awareness, and making profit merely a process while loss becomes the result.
❸ Experience psychology
Experience is the past, and people easily draw on past experiences to deal with present problems, much like the well-known saying from Wall Street: 'One skill conquers the world.' This can solve many past issues, but in the investment market, it is a kind of lucky thinking that should not be relied upon.
❹ Self-defense psychology
The hardest thing to understand in the investment market is self-defense psychology. Many people often lose because of this. Self-defense is the activation of the psychological self-protection function, which requires harmony and unity on both sides.
Suppose a virtual coin starts to fall now. After observing for a while, the investor gradually loses confidence in short-term profits. Now, what he says and does diverges from what he believes, and he must change his mindset: this trade is not short-term but a long-term investment. Behind self-defense psychology is a kind of obsession in human nature; when the direction of holding positions is different from the current trend, the defense mechanism is activated. At this time, investors will engage in selective information filtering, always finding good news that is beneficial to them while selectively ignoring unfavorable news, and sometimes even deliberately misinterpreting unfavorable news as favorable.
Any active short-term trader knows that everyone wants to buy back at the selling price where they made a mistake or sell at the buying price where they erred to compensate for foolish trading.
Human nature tends to seek benefits and avoid harm. Many retail investors share a common characteristic: they run away after making a little profit but hold onto losses for a long time. This is irrational; such traders feel proud of their profits but ignore losses, refusing to acknowledge their mistakes, ultimately leading to greater losses.
Candlestick charts are very stimulating, so do not look at them.
Like every novice, when I first started trading coins, I knew nothing and had nothing else to look at, so I just stared at the candlestick charts every day.
Candlestick charts can be very stimulating to human nature, always allowing us to generate various bold ideas.
Staring at those historical segments on the candlestick chart, I believe many people think like I do: 'If I sold here (at the high) and bought back here (at the low), wow, I could easily reach the peak of my life. Right?'
But if you think about it, these bold ideas are actually all complete illusions.
Candlestick charts are merely historical data of the market and do not predict the future.
When you truly immerse yourself in it, you will find that from your perspective looking towards the future, at every moment, the price appears both as the highest point and the lowest point.
In finance, there is a hypothesis called the 'random walk hypothesis.' It states that stock market prices follow a random walk model, and therefore cannot be predicted in the short term.
Here I’ll add a point: the term 'short-term' is a limitation when discussing random walks. The reason random walk is a hypothesis and controversial is that long-term predictions are possible, and the longer the time, the more accurate the prediction becomes. For instance, I can predict that Alibaba's stock is likely to rise significantly in the next five years.
However, once we start paying attention to candlesticks, it becomes quite difficult to think long-term and extremely hard to focus on short-term gains and losses.
So the best approach is to not look at candlesticks, not look at candlesticks, not look at candlesticks.
Finally, I will end this article with a famous quote:
Profits always take care of themselves, while losses do not!
Follow Su Ge closely, analyze with precise strategies, and use millions in AI big data for careful selection to ensure you remain unbeaten? The market never lacks opportunities; the question is whether you can seize them. Only by following experienced and the right people can we earn more!
