Rebound

Emotions are off, don't trade!

Sometimes when we lose money in trading, it's not because we made the wrong judgment, but because our emotions were too agitated. Have you ever experienced starting off with a solid analysis, pinpointing the right levels, and timing it well, only to end up losing in the end?

This isn't because your skills are lacking, but rather because your emotions are messing things up. For example, when the price of a coin rises a bit, you think to yourself, "It can go higher, I'll wait a bit longer," and as a result, you wait and it drops back down. Or when the price drops a few points, you panic and think, "Should I sell quickly?" and then you end up selling at the lowest point.

Also, there are times when you win a few trades in a row and start to get cocky, feeling invincible, and then you go in heavily, only to be hit hard and lose it all. I've been in situations like this, and not just once.

Later, I realized that many times I wasn't losing to the market, but to my own emotions. Greed, fear, guilt, impulsiveness—these emotions are like demons, making me act rashly when I should be calm and causing me to waver when I should be steadfast.

So what can be done? I started looking for tools to help myself. For example, I set stop-loss and take-profit points, and when they are reached, I execute them decisively, not letting emotions influence my decisions. I also specifically learned technical analysis to make myself a bit more professional!
In this way, I slowly learned to use tools to control my emotions, no longer letting them dictate my trading. Now, my mindset has improved a lot, and I've made a decent amount of money.

So, if you also want to make money in the crypto world, you must learn to control your emotions. Don't let emotions become your stumbling block; let them become your stepping stone. Find some tools to help yourself, and you'll discover that trading isn't as hard as it seems.