Trading Truth: Don't Let Emotions and Greed Destroy Your Wallet
Making money in trading is difficult, not because the market is too cunning, but because human nature is too fragile. Most people lose money because they fall into these five traps:
Emotional Rollercoaster: Seeing others making quick money leads to FOMO and chasing highs, getting scared and cutting losses at the slightest drop, feeling euphoric after making a couple of trades and going all-in — turning trading into a casino.
Treating Risk as a Joke: Always thinking “just wait a bit longer to break even,” only to end up deeply trapped; recklessly using 10x leverage, losing everything in a single liquidation; putting all eggs in one basket, and losing everything when a black swan event occurs.
Blind Faith in Get-Rich-Quick Myths: Chasing after “hundredfold coins” and “insider information” all day, while forgetting that true wealth is built slowly through discipline.
Counter-Trend Trading: Jumping in at the market peak during a bull run, but cutting losses at the bottom of a bear market, completely going against market cycles.
Fidgety Hands Syndrome: Constantly staring at the market and messing around, paying more in fees than what is earned, and ultimately realizing that “lying flat” is the highest state of being.
Remember: The market never lacks opportunities, what it lacks is the ability to control human nature. Strictly set stop-losses and take-profits, patiently hold mainstream assets, and you can defeat 80% of traders.
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