A Memo to Myself: 15 Important Lessons for 2024
Don't be afraid to try opportunities that may not seem obvious at first.
Don't overlook potential opportunities due to laziness, unfamiliarity, already holding other currencies, or participating in competing currencies.
Be cautious of various recommendations on Crypto Twitter (CT). When analyzing opportunities, make sure to engage in deep thinking and multi-layered reasoning.
Trust your analysis, trust your intuition, and take responsibility for your investment decisions: the final profit and loss (PNL) is yours to bear.
Don't compare yourself to others: try to be happy for those who are performing better, while learning from their experiences.
Learn to manage your emotions: impulsive or emotional decisions often lead to poor outcomes.
Find a balance between sticking to your beliefs and accepting new information.
Leverage your strengths, and don't blindly imitate others' trading styles. There are many different ways to make money in the market; the most important thing is to find what works for you.
It's acceptable to have small profits or losses, but never allow yourself to incur significant losses.
Missing out on life-changing wealth is a common experience (don't let others tell you it's wrong), but be sure to learn from it and avoid making the same mistakes.
Discover and understand your cognitive blind spots, such as the 'endowment effect' (the tendency to assign higher value to things we own while underestimating things we don't).
Treat others well, don't belittle them, and try to help those who seek your advice. Regardless of wealth or status, don't change your nature and how you treat others.
In the market, choosing to sell actively is far better than being forced to sell.
Opportunities are like buses on the street; there will always be another one coming. Don't be disheartened by missing one opportunity; the market is always full of new possibilities.
No matter how good an idea is, it ultimately has no value without effective execution.
Wishing everyone a Merry Christmas! Looking forward to meeting again on the order book!