The mentality that must be maintained in the cryptocurrency circle
Have you noticed that most people who trade frequently encounter situations where the price is smashed as soon as they buy and pulled up as soon as they sell. They know that it will definitely rise, but they just can't help it. Sometimes they want to get some small corrections, but they dare not chase high and miss the opportunity.
Or they think they have copied a small bottom, but they are trapped by a sudden market crash. They are in a bad mood all day, and even can't sleep at night. They think that the dealer is staring at their three melons and two dates all day long and won't let you live. In fact, we are playing with the mentality of ordinary people.
That's why the dealers will eat us up, because they know what we are going to do. So many times, if you really want to make money, you have to do some operations that are difficult for ordinary people to understand, or even operations that you yourself can't believe. Only in this way can you see the light through the clouds. So, what I want to say is that when you find yourself hitting a wall again and again, you have to change yourself and adjust your direction. Those who say that you don't have to cut your losses in a bull market will always go back up, I hold the opposite view. The greatest value of a bull market lies in the time cost. Stop loss in time is the most difficult and necessary lesson to learn, whether it is spot or leveraged contracts.
If you want to make money, you have to understand stop loss, be sober, floating loss is also a loss, and you are reluctant to cut your losses, so you can only be trapped. Only by staying sober can you play this market.