Human beings are the biggest carriers of habits, and the prerequisite for getting rid of bad habits is to discover them.
When you have the ability to hear everything, you will instinctively choose the sounds that interest you the most and ignore the most important sounds. That's human nature!
The K-line that catches your eyes, the news that reaches your ears, the thoughts that linger in your brain, the opinions that circle in your heart, which one has the greatest impact on you?
Once an individual is in a group, his IQ is seriously reduced. In order to gain the recognition of the group, the individual is willing to abandon right and wrong, give up his own opinions and freedom, and use his IQ to exchange for a sense of belonging and integrate into the group! (Be yourself, the purpose of the transaction is to be a better self)
Habits determine success or failure. Success requires correct trading habits. Through trading, we can constantly discover our own shortcomings and cultivate good habits that are beneficial to trading.
First: Never have illusions. Successful investors never invest blindly. They will not make a move if they are not absolutely sure. This is because successful investors are all trading experts who can understand more market trends, so they always make money. Most failed investors are trading novices. They are always eager to enter the market with only a little knowledge, and even eager to increase their investment to expand profits at the first sign of something. In the end, they lose more than they win. Once your funds are invested in a certain commodity, and the price does not develop in the direction you originally expected, what should you do?
Ordinary investors often imagine various reasons to "rationalize" this abnormal phenomenon.
This rationalization to avoid the pain of losing is extremely deadly and is the main reason why many experienced investors eventually have to throw up their hands. Successful investors never let their emotions control them, even to a very small extent. No matter how painful it is to admit their mistakes, they never hesitate. They understand that allowing this situation to continue will only bring greater pain and losses.
Second: Never go all in. Successful investors rarely go all in because they know that market trends are often unexpected and long-term stable profits are the key to success. Failed investors are always eager to get rich overnight and go all in. Although they sometimes make more money than successful investors, they may end up losing miserably.
Successful investors are not overconfident, not greedy, and follow the rules to increase their positions in a pyramid manner. No matter how the trend changes, they will gain some profit. However, unsuccessful investors are eager to increase their positions, and eventually the market reverses and they turn victory into defeat.
Third: Almost all successful investors are lonely, because they often have to make decisions that are different from the public. Successful investors never chase up in a big way, and often buy boldly when the callback is in place, because they know that the trend is stable and a reliable friend, that is, it will continue to move in the original direction after the callback. Failed investors often chase up in a big way, and when the price callback, they often think that the price has reached the peak, so they exit too early, so they often "buy high and sell low", resulting in a situation where they lose money in the rising market; when the price is in a clear downward trend, they always think about buying at the bottom, but they are trapped every time they buy, either deeply trapped or constantly cutting their losses, and finally when the bottom comes, they have lost the courage or funds to buy at the bottom.
Investors should understand that whether buying low and selling high, or buying high and selling at a higher price, they must maintain independent thinking. Sometimes they need to do the same thing as the public, that is, at the beginning of an uptrend or during an uptrend (at the beginning of a downtrend or during a downtrend); sometimes they need to do the opposite of the public, that is, at the end of an uptrend (at the end of a downtrend). The key is to know when to follow the public and when to go against the public.
People are more willing to believe what they have already determined, regardless of whether it is true or not!
Remember: the regularity of the market lies in the unchanging human nature! #BTC #crypto2023 #原创
