Emotions are really important for trading! !
I have a deep understanding of this. This is an important reason that directly affects whether you can rationally cut losses or hold orders and face liquidation~
When cryptocurrencies fall, we spend a lot of time analyzing and trying to predict the exact bottom, always very cautious.
But when the market rises, we become confident and buy directly without doing almost any analysis. We click the green button as if tomorrow does not exist.
Why do we do this?
Why are people bearish at the bottom and bullish at the top?
Fear and greed, these seem to be the two emotions that drive most of our actions in the crypto market.
Don't always want to accurately buy the bottom and escape the top, that is not the way to make money in the long run. Follow the plan steadily and don't care too much about missed opportunities. Slow work makes fine work. Trading is often affected by emotions. Everyone makes mistakes. The key is to learn from each failure. Everyone who does trading has bad times. Those who can achieve great things are those who can get up after falling down, stay calm when difficulties arise, and resist temptation and fear.
When you are too optimistic or too pessimistic, calm yourself down first. After all, in extreme market conditions, following the trend is often wrong. Remember your investment plan and efforts. Only by being disciplined can you win. Setbacks are opportunities for growth. Stay rational and believe that there will be good returns. Be cautious when others are crazy and be bold when others are afraid.
