A novice entered the cryptocurrency space. He heard that his friends had made a lot of money, so he decided to give it a try. When he bought in for the first time, he was optimistic about a certain coin and confidently invested all his funds. However, right after he bought it, the price started to drop.
He wasn't worried, thinking to himself: "It’s okay if it drops, I’ll wait for it to come back up." He then began to keep an eye on this coin, checking the price almost every hour, afraid of missing the chance for a rebound.
A few days later, the price indeed started to rebound. The novice saw the red increase and couldn't help but feel excited, immediately selling it off and making a little bit of money. He was as happy as if he had won a prize, boasting about his "investment talent" everywhere.
But a week later, he found that the coin had started to surge wildly again, with the increase far exceeding the price at which he sold it. He was taken aback, suddenly realizing a principle: the market does not operate according to your plans, and the money others earn is not necessarily your money, and what you earn may not be the market's money either.
From then on, he decided not to focus on the ups and downs, but to adjust his mindset: "After buying, just go to sleep and don’t wake up until it's profitable."
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