A starter kit for trading psychology in crypto assets emphasizes
1. Emotional discipline, It is not 2009, but it's still early to grow 💵 a portfolio by consistency and not chasing the rug pulls, dips and 🚀 tokens.
When you have in your portfolio tokens which have shed 95% structured planning and risk management to navigate extreme volatility are of the same coin. Keep establishing clear trading plans with predefined entry/exit points, stop-loss orders, and position sizing (e.g., risking 1-2% per trade).
Reasons: Without a clear entry/exit even profitable trades will eventually go bad dur to constantly moving market sentiments.
2. Cultivate emotional resilience to avoid impulsive decisions driven by fear, greed, or FOMO common pitfalls in 24/7 crypto markets. Maintain consistency by adhering to your strategy despite market noise e.g buying more of the dip against your DCA timeline, avoiding overtrading, and accepting losses as part of the process.
It can not be over emphasize the importance of regularly journaling trades to analyze behavior and refine tactics. Prioritize patience, self-awareness, and detachment from short-term outcomes to sustain long-term success which must be the goal as crypto adoption and inclusion in RWA matures.
