Losing in an uptrend!
Everyone wants to get rich, but no one wants to get rich slowly; they only want to get rich quickly. They trade to optimize their accounts, shorting during short-term corrections to make money right away during a decline. They always want to earn money, not letting their money rest, not allowing their bodies to rest, must place orders, hold positions, always having orders in place. Or they hold onto coins that don’t increase much, but when they see others skyrocketing, they jump in to chase.
This mindset will kill you in the market. Why would you short in a bull market, when the corrections are very slight and the upward movements are tremendous? Why optimize and jump into coins that have already quadrupled or quintupled, only to wither away in an uptrend?
The root cause here is greed, envy, and ignorance. You may be making a profit, but you will feel angry if someone next to you makes more than you. In an uptrend, they flaunt their x5 or x10 profits all over social media, and you feel compelled to earn more, to satisfy your competitive and envious nature. It is on this emotional foundation that we make wrong decisions. And when the mindset is wrong, it’s like a line of dominoes; when one falls, all will collapse.
In investing, money comes from tranquility, not from being overly active. If you uproot a tree before it bears fruit and plant another, when will you ever enjoy the sweet fruit? If you are in this situation, take a moment to reflect.
I wish you all to earn a lot of money!
Follow the Captain, everyone.
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