The First Price You Saw Might Be Your Worst Enemy ☠️💰
Ever notice how the first price you saw on a chart feels etched into your brain? Whether it’s the price you bought at, the first red candle you panicked over, or the number someone hyped up on Twitter, it becomes your invisible benchmark. It’s like meeting your ex’s new partner—they’re now the standard for everything you do, and not in a good way.
This is, once again, anchoring bias at work. The first price you see—or care about—starts shaping your decisions, even when it makes no sense. Bought Bitcoin at $25K? Suddenly $30K feels expensive. Missed ETH at $1.8K? Now $2.3K feels like you’re overpaying, even if the long-term outlook screams upside. You start measuring everything against that initial number, forgetting that the market doesn’t care about your anchor. It moves based on liquidity, momentum, and opportunity—not your mental benchmarks.
Anchoring doesn’t just affect entries. Waiting for a coin to “return to your buy price”? You’re likely missing better setups. Taking profits too early because you hit an imaginary target? That’s bias convincing you to settle when the trend might still have plenty of momentum.
How to Break Free
• Focus on Trends, Not Numbers: Ask yourself if the current trend justifies your position, regardless of your entry price.
• Reframe the Opportunity: Look at the potential upside from now, not from where you started.
• Use Stop Losses and Targets Wisely: Set them based on strategy, not emotion or arbitrary numbers.
• Review Your Biases Regularly: Check if your decisions are driven by logic or an outdated anchor.
Smart traders learn to let go of their anchors. They follow the data, not their emotions. If you’re ready to trade with clarity and discipline, my lead copy trading account mirrors the trades I take—anchored to strategy my friends, not bias. Click here to copy my trades and 🚀💰. Cheers!
