The 5 phases of trading in a single day ๐ข๐คก
My daily mental health can be summarized in the 10 minutes after opening a futures position on Binance:
Minute 1 (Optimism): "I analyzed the market. I went Long. This is the trade that will pay for my Bali vacations. I can almost smell the beach". ๐๏ธ
Minute 3 (Light panic): "Well, it dropped 0.5%. No big deal, itโs just market noise. A small healthy correction". ๐ง
Minute 5 (Desperation): "It dropped 4%. Whoโs selling? Stop selling! Please, Elon Musk, post a tweet about anything right now". ๐ญ
Minute 8 (Spiritual acceptance): "The price is a penny away from my liquidation price. Either way, money is a social construct created by central banks. True wealth is in knowledge". ๐งโโ๏ธ
Minute 10 (The miracle): "It went up 12%! Iโm an misunderstood genius! The Bali beach awaits!". I close the position with a total profit of 2 dollars after paying the fees.
A normal day in the life of an average trader.
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