When I first came into contact with cryptocurrency, I felt that the fluctuations were so great that if I bought the right one, I could be financially free. To put it bluntly, buying high and buying low is no different from gambling. I also learned various indicators, but no indicator can be 100% correct. I was impatient during the frequent market watching. I set the buying and selling points, and I insisted that I could reach them on time, but my mentality also fluctuated during the price fluctuations. Especially when I made a little profit and it turned into a negative, and then turned into a profit, sometimes I was no longer calm after making a few U, and often fell "before dawn".
Later, my mentality gradually matured. I read "Selected Works of Mao Zedong" and suddenly realized that in this financial game, the enemy is strong and I am weak, and the dealer's funds far exceed mine. If I go all-in every time, it is equivalent to a head-on confrontation, "comparing treasures with the Dragon King", and I am obviously at a disadvantage. The only fair thing between the enemy and me is: time. We are fair in time, and even the big dealer is more anxious than me. As long as I can hold on in the volatile market, even if it is a short-term loss, as long as I can hold on, I will definitely make it back. In this market, there is no such thing as rising all the time or falling all the time. Holding on is victory. I no longer think about winning in one go, but only think about "accumulating small victories into big victories", and stable compound interest is the kingly way. The goal is to deduct the handling fee for buying U, and it is higher than the bank interest rate, then I will be the winner.
Finally, I would like to remind myself of one thing: mentality. When I don’t have any orders, I must remember that there are many market opportunities and I should not be anxious; when I have orders, I should not check the market too frequently, which will affect my mentality. I should trust my own judgment.
Thinking by Pangong Lake