To make 10 million in the crypto world, you have to learn to go against human nature!
It sounds quite mysterious, but it actually means that you have to go against our usual habits and instincts. Based on my trading experience, let me explain what this "going against human nature" really means and how to do it.
Most of us trade based on our feelings; when emotions rise, our hands get itchy. For example, when we make some money, we start thinking, "Oh no, I hope this profit doesn't fly away." So, we quickly cancel our orders and leave, afraid that the money we have will slip away. This is actually being led by the psychology of "fear of loss."
Another example is when we are losing money; the feeling is more bitter than eating bitter herbs. Just thinking about cutting losses makes our hearts race, and we might just close our eyes, steel our hearts, and refuse to cut! This is again being kidnapped by the emotion of "fear of pain."
Then there's capital management, which can be even more of a headache. You have to constantly adjust your portfolio according to market changes, which is quite troublesome. But human nature prefers simplicity and comfort; who wants to struggle with these numbers all day?
Simply put, the difficulty in trading lies in grappling with your own emotions and feelings. You have to learn to calm down and not let emotions cloud your judgment. So what to do? The key is to have your own trading system, as if you set rules for yourself; every trade must follow the rules, without aimless busywork.
Once you do this, you'll be able to keep track of everything, and no matter how the market changes, you can respond easily. Ultimately, trading relies on rationality and discipline; don't let those lucky thoughts lead you astray!
Currently, Bitcoin is in a volatile downward state, and the upcoming US elections and Federal Reserve interest rate cuts signify that the market is facing a significant turning point. In this situation, it is best to position yourself for potential altcoins! I have carefully selected a cryptocurrency that is expected to grow 2-3 times short-term and 5-10 times long-term, leave a comment + like for a free share!
