People often ask me about the short-term trend forecast of the cottage spot I hold. What should I do if the price drops after I buy it?
My standard answer is that I don’t need to look at the long-term, and I’m too lazy to look at the short-term. Diversify your positions instead of hanging them alone, so that you won’t feel too bad if the price drops. If you don’t go all in, you may have bullets to cover your position if the price drops. Now I feel bad and look for people to comfort me everywhere. What were you thinking when you chased high and went all in? Why didn’t you think it would fall when you bought it? Going all in is because of greed, hanging them alone is because of laziness, chasing high is because of impatience, and the more human weaknesses you have, the faster you lose. The financial market is originally a cognitive competition, and money goes from the pockets of fools to the pockets of smart people.
The stupidest thing is to make money because you are awesome, but when you lose money, you blame the big V, the platform, the group friends, the project party, the market maker, and the Federal Reserve. It is the basic quality to be willing to accept the loss when playing in the casino. You chase high and go all in at a high point, and after buying, if it falls, you say this KOL is really stupid, and if it rises, he says he is really awesome. If there is profit at a high point, you continue to be greedy and don’t sell. Next time it falls, you say oh he is not awesome, he is really stupid, and if it rises, you say he is not stupid, he is actually awesome. Is this fun? Are you here to make money?
It is not easy to guess the rising target. You also have to determine the optimal entry and exit point, time and price, and avoid every retracement. The more you ask, the lower the accuracy rate will be. I know you just want to find a 125x order-leading teacher to follow orders, and if you go all in, it will continue to rise without callbacks, and then the high-point order-leading teacher will call you to get off the bus, and you will go short again after you get off the bus, right?
It is useless to just predict the market. If predictions are useful, you would have made a fortune long ago. I believe that most of you were no longer on the bus when most targets reached new highs🥹
If making money is so easy, you should not have lost money when Bitcoin rose from 1u to 7wu, right? 🥹