How to cope with emotional swings in the crypto market?
The correction of the last few days has again shown how important it is to be able to manage your emotions. Market volatility tests our strength, and every fall and rise causes a storm of emotions. I decided to give you some tips that will help you during such periods in the market:
1. Education and preparation. The better you understand the market, the less room there is for uncertainty and fear.
2. Communication with like-minded people. Don't underestimate the value of advice and support from experienced traders. Discussing strategies and mistakes with other market participants allows you to see the bigger picture and avoid panic.
3. Relaxation techniques. It is important not only to build trading strategies, but also to learn how to relieve stress.
For me, such relaxation is tea, walks, background music)
4. Spot trading. If you have a couple of gray hairs this weekend, trade on the spot for now, so you will have fewer reasons to worry and make rash transactions.
Trading is not only about analysis, it is also about human emotions.
What techniques do you use?