In the cryptocurrency market, if the trading and market conditions do not meet your expectations, do you become emotional?
During the trading process in the cryptocurrency market, have you ever experienced feelings of loss or gain, anxiety, hesitation, regret, and other similar emotions?
If so, it indicates that your mindset is emotional, irrational, and subjective.
Speaking from my own experience, I am someone who buys and then holds. Before entering a position, I work hard to analyze the fundamentals of the assets I plan to invest in, selecting high-quality coins that suit my strategy.
Once I select the right coins, I choose the trading level based on my actual situation. For a long period, I would only choose one trading level, regardless of whether it is long-term, medium-term, or short-term; I generally do not operate across all levels. This is not related to ability, but rather to my own self-discipline.
After choosing the trading level, I analyze the market trends and develop a detailed trading strategy based on that level. The trading strategy includes entry position management, asset allocation, take-profit, stop-loss, risk control, and so on.
Finally, I find the right precise entry and exit points based on timing, and once I enter the market, I leave the rest to time.
The fluctuations during the trading process are a process of aligning knowledge and action for me, and it is also when I overcome my own human weaknesses.
Even if the market does not meet expectations in between, I never complain or criticize the coins I have bought, even if they eventually go to zero. Of course, this is unlikely to happen because I have a mature risk control system.
To criticize them is equivalent to criticizing myself; I am not foolish enough to do that.
It is all something I chose myself, so isn’t criticizing them like criticizing myself?
However, in reality, during trading, most people tend to complain about the market, complain about others, and complain about why the coins in their hands are not the ones that have risen the most.
They do not look for the core root cause from the source, but instead become emotional about the process and results, which is harmful and offers no benefits for trading.
If you want to learn more about cryptocurrency and get first-hand cutting-edge information, click on my profile and follow me. For those who can multiply their investments tenfold in a month, you are also welcome to copy my trades. I publish daily market analyses and recommend promising potential coins.