The essence of trading is a game against human nature!
What you think trading is: staring at the market, making trading decisions through various technical indicators and trading methods, competing with the market.
But the reality of trading: is doing something that is a continuous game against oneself throughout the process. We need to overcome our own greed, overcome fear, overcome the urge to lock in profits while cutting losses, and overcome chasing highs and panicking on dips.
All of this is actually unrelated to the market; it is all related to oneself. So rather than saying trading is a game with the market, it is more accurate to say that we are constantly in a game with our own human nature during the trading process. Trading goes against human instinct. #Cryptocurrency #Crypto
Like athletes, a healthy body, stable emotions, a rock-solid mindset, and strict trading discipline are essential qualities of an excellent trader. Of course, the most important factors are the era and industry dividends, as well as luck.
A successful complete trading cycle consists of: 70% mindset + 20% luck + 10% trading skills. You must use your 70% mindset to seize the wave of the cycle, with 20% luck and 10% trading skills to expand your profits within the captured cycle.