38My $ETH Strategy:
Only do a few stable trades each day, no more. Fans who want to follow my strategy, seize the time ⬆️🚗 (Comment 123) The first 5 are free
These 4 mindsets really can harm you when trading!
1. Fear of Missing Out
Seeing others making a fortune and frantically chasing the price? Be careful of becoming the "loser"; the market won't wait for your hesitation, but it definitely won't pay for your impulsiveness~
2. Overconfidence
Winning a few times makes you think you are the "Warren Buffett of Cryptocurrency"? Wake up, the market is specially designed to punish various forms of arrogance; maintaining respect is the way to survive long!
3. Turning Losses into Wins
Losing makes you want to go all in to turn it around? Gambler's mentality will only drag you deeper! Those who know how to cut losses are the only ones who can talk about "next time for sure"!
4. Emotional Trading
Overjoyed when it rises, devastated when it falls? Emotional trading = giving away transaction fees for free! Calm analysis is 100 times more reliable than "feelings"!
Therefore, trading is a training ground for your mindset; no matter how skilled you are, you cannot withstand a collapse of mentality! Stay steady, we can win!