If I hadn’t been greedy, I’d have six times more money right now.
In this context, I’m reflecting on situations where coin prices increased by 15-30% or more, yet I didn’t sell, hoping they would climb even higher. The result? Prices often retraced back to my entry point or even lower, triggering stop-losses or reducing my capital.
After experiencing several such disappointments, I’ve adopted a strategy: take profits when prices reach key resistance zones, identified through chart analysis.
Yes, this approach might seem obvious and widely known, but greed is notoriously hard to overcome—it’s no coincidence it’s considered one of the seven deadly sins. The key to defeating it lies in forming personal convictions, maintaining discipline, and celebrating every profit taken. It’s also crucial to remember that the market will always offer new opportunities to find the next profitable entry point.
Last week was both productive and enjoyable when it came to running. The most rewarding part? Seeing results driven by discipline while truly enjoying the process.
While the implementation phase of MiCA (Markets in Crypto-Assets Regulation) officially ends on December 30, 2024, the overall 36-month timeline also includes a transitional 18-month phase.
Some reports, such as Bloomberg, have claimed that European crypto exchanges must delist USDt (Tether) by December 30. However, as of the time of writing, European regulators have not issued such directives.
Among the transitional measures in MiCA, ESMA has highlighted the “grandfathering” clause. This provision allows entities that were offering crypto asset services under applicable national laws prior to December 30, 2024, to continue doing so until July 1, 2026, or until their MiCA authorization is granted or denied. #USDT
Running and trading have a surprising amount in common. 🏃♂️📈
In running, it’s crucial to maintain your pace, listen to your body, and plan your distance. In trading, you analyze the market, manage risks, and stick to your strategy. In both, the key to success lies in discipline and consistency.
Just like in trading, there are great days in running when everything feels easy and smooth, and there are tough days when every minute is a challenge. But the most important thing is to keep going - progress comes through perseverance.
On the screenshot, I’m sharing my running results from the past week. Training and consistency always pay off.
Life’s problems can heavily affect your emotional state, and this, in turn, may lead to trading failures. 💹 That’s why, before you start trading, take time to resolve any pressing issues, bring your emotions back into balance, and approach the market with a clear and focused mind. 🧘♂️🧠
For me, activities like meditation, running, listening to music, reading books, or even organizing and decluttering a space in my home work best to reset my mental state. 🏃♂️🎶📚✨
Experiment and discover your own sources of balance. 🌱
One Simple Question to Rewire Your Mind and Stop Losing Money 💡📉➡️📈
Place this question where you’ll always see it - on your desk, bathroom mirror, or as your phone wallpaper. 📌✨ Keep asking yourself this question until it becomes a habit, then a belief, and finally part of your character. 🧠💪
It’s simple but requires discipline. Every time you analyze charts 📊, consider entering a trade, or think about setting a stop-loss 🚨, always - and I mean always - ask yourself:
“Will this trade reduce my capital?” 💰
Your capital is like a staircase 🪜, and your goal is to keep climbing upward. 🔝 Visualize yourself going step by step, and imagine a red line 🔴 at the bottom that forbids you from falling below it.
Before making any trade, repeat this question: “Will this trade reduce my capital?” ✅ If the answer is no, proceed with confidence.
Another week of the every-other-day running challenge is complete. Distances covered, pace remains steady. As always, no excuses, no matter the weather.
Moving forward - step by step, kilometer by kilometer.
💡Is It Better to Wait for a Reliable Entry or Trade Every Single Day?
🥱Sometimes the market slows down, and the coins you’re trading may show minimal volatility or growth. At the same time, other coins display significant price swings, and it feels like you’re missing out on opportunities to trade and make money. I’ve seen this happen repeatedly - it’s a classic struggle for beginner traders. Instead of fighting this feeling, accept it as part of the reality of trading and adapt to the market’s rules.
Ways to Adapt: 1️⃣ Avoid entering trades with your full deposit. Always keep a portion of your capital aside. This allows you to take advantage of opportunities on coins that show higher volatility. 2️⃣ Take your time. Analyze charts, support and resistance zones, volumes, and other critical metrics to make informed decisions. Patience and diligence will improve your trade win rate over time. 3️⃣ Set stop-losses and sleep well. You might get stopped out of a trade, but your capital will remain protected. This means you’ll have the chance to keep trading. The speculative market has been around for years, and there will always be countless opportunities to enter new trades and gain either profit or experience.
Why I Stay in Crypto Trading Despite Market Crashes: My Criteria ⤵️
Every time I witness massive market dumps and see my long-term holdings lose 15-25% of their value in mere minutes, reducing my capital, I start thinking about returning to traditional business - an office, a team, countless daily tasks, and responsibility for employees.
But then I remind myself why I chose crypto trading and revisit the principles that guide me. My criteria are simple and clear: 1. No geographical limitations – I’m not tied to a specific location. 2. Independence from others – I don’t rely on employees, managers, or clients. 3. Scalable opportunities – I set the “size of the game” myself, whether it’s $10 or $1 million for trading.
Trader’s Struggles: A Tale Every Crypto Enthusiast Knows 1. The market is surging, but your coin is stuck. You picked a project, invested, and believe in it… but all you see is other coins soaring while yours refuses to move. It’s like all the profits are slipping away elsewhere. 2. Falling prices and a shrinking portfolio. Each day brings more frustration as the price drops, your portfolio shrinks, and you hold onto hope for a reversal. Or is it just emotions clouding your judgment? 3. Stop-loss triggers, and then the price climbs. A classic scenario: you set your stop-loss correctly, it gets hit, and immediately afterward, the price shoots up. It feels like the market is playing tricks on you.
These challenges are part of trading, but they also bring valuable experience and insight. What trading struggles resonate with you? Share your stories in the comments!
As you can see from the screenshot, my past week started with a pump - a running pump! I completed a half marathon. This was my sixth half marathon, but the previous five were over four years ago, which makes this achievement even more meaningful to me.
Whether in running or trading, great results come with dedication, consistency, and regular effort. Onward and upward!
I see a triangle pattern forming on the IRIS, with potential for an upward breakout. Bought a small position and set a stop-loss. Watching the price closely.