The essence is at the back!!!
The first major event this morning is the drastic drop of om, which once had hundreds of times the increase, with a market value of over 6 billion; it can still drop 90% in a minute!!! Those that can rank in the top 30, along with a bunch of attractive so-called applications, are just concepts; in the end, isn’t it a mess everywhere!!!!
Trader series, cognitive enhancement and learning methodology series (2)
Greed: The obsessive pursuit of correctness and self-affirmation
People in the market often say, 'When others are greedy, I am fearful; when others are fearful, I am greedy', but the understanding of greed is often too superficial.
Greed is not just a desire for money; on a deeper level, it often manifests as an obsessive pursuit of 'correctness'.
When we see traders who already have substantial assets still choosing to use leverage dozens of times to take risks, this behavior has transcended mere monetary motives.
For these people, money may just be a number, and proving their market judgment correct is the real driving force.
This phenomenon is cleverly reinforced in the design of trading platforms.
Taking cryptocurrency exchanges as an example, many platforms prominently display daily profit amounts in contract trading interfaces, highlighted in eye-catching colors, creating an immediate sense of achievement and bragging rights.
In contrast, the spot trading interface handles profit data relatively low-key.
This design difference is no coincidence but a meticulously crafted psychological trap, which stimulates traders' greed for 'correctness' through visual reinforcement and immediate feedback mechanisms.
This interface design actually creates a form of 'socially recognized greed' and 'self-affirming greed'.
It makes robust but non-leveraged strategies seem outdated, while giving high-risk behavior significant social bragging value.
This is an example of how the market cleverly encourages traders to engage in self-destructive behavior through design details.
True trading wisdom lies in recognizing how these seemingly neutral design elements affect our decision-making process and consciously transcending these behavioral guides to establish our own independent value judgment system.
The market has become a self-affirming stage, where each successful trade not only brings wealth but, more importantly, confirms one's cognitive abilities and market insight.
This greed for correctness is particularly common in trading circles. People compete to prove that they 'understand the market', willing to take huge risks just to validate their viewpoints.
However, the excessive desire to prove oneself right actually reflects a misunderstanding of the nature of the market.
The market itself has a high degree of uncertainty and unpredictability; the eagerness to prove oneself right is, in fact, a disrespect to Mr. Market and a resistance to the randomness inherent in the market.
This psychological state often leads to decision biases, causing traders to lose themselves in the obsession with self-affirmation, ultimately facing liquidation by the market.
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