Author: ML
Compiled by: Deep Tide TechFlow
Memo to myself: 15 important lessons for 2024
Don't be afraid to explore 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 coins.
Stay alert to various recommendations on Crypto Twitter (CT). When analyzing opportunities, make sure to think deeply and reason on multiple levels.
Trust your analysis, trust your instincts, and take responsibility for your investment decisions: the final profit and loss (PNL) is borne by you.
Don't compare yourself to others: try to be happy for those who perform better, and learn 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 do not blindly mimic others' trading styles. There are many different ways to make money in the market; finding one that suits you is most important.
It's acceptable to have small profits or losses, but never tolerate significant losses.
Missing life-changing wealth is a common experience (don't let others tell you otherwise), but make sure to learn from it to avoid repeating 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, do not belittle anyone, and try to help those who seek your advice. Regardless of wealth or status, do not 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 discouraged 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!