You bought ETH for 3000 USD, and then it rose to 3500 USD, making you very happy. Next, ETH continued to climb to 4000 USD, and your mood became even better.
But the good times didn't last long, as ETH quickly fell from 4000 USD to 3500 USD, at which point you felt angry and regretted not selling at 4000 USD, because you could have made an extra 500 USD. With the same price of 3500 USD, your mindset was completely different.
ETH still has the potential to rise to 5000 USD, and that has never changed; it's just your mindset that has changed.
If your mindset is not right, there are two possible outcomes:
1. If the upward trend has not ended, you may sell too early next time out of fear of a pullback, missing out on further profits.
2. If the upward trend has ended, you may stubbornly wait for the price to return to the previous high before selling, resulting in a continuous drop in the coin price and a total loss of profits.
Both of these outcomes are undesirable, so it is necessary to adjust your mindset and not always think about selling at the highest point. We should make decisions based on expectations; if we judge that the market will continue, we should hold on and not worry about short-term pullbacks, as prices will rise again after a pullback. If we judge that the market has ended, we should sell decisively and stop hoping for a return to the highest point.
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