$BTC $PEPE $1000CHEEMS

The psychology of investing in crypto is a crucial factor, and the reason I assert this is that this market can easily make you be influenced by emotions due to:

1. Seeing the price rise quickly while you haven't bought anything —> fearing you might miss a good opportunity.

2. The price stagnates and the increase is negligible, while you see another coin skyrocketing —> fearing a drop or wanting to switch to that coin. Later it rises sharply.

3. When the price starts to drop, you quickly sell or close the position to avoid further losses or panic.

Below are effective ways to control your psychology and maintain discipline:

1. Have a plan before entering a trade with a main coin —> do not copy or enter trades of coins without research.

2. Do not chase peaks

3. Do not sell at the bottom

4. Keep an investment/trading journal to see if your PNL changes?

5. Manage capital to avoid borrowing more.

6. Calculate time zones – avoid market addiction (refer to my previous article)