As soon as the alts start to grow sharply and we see a new ATH on ETH, many will have an illusion of control. Again, 90% of futures trades will be in the green, screenshots with millions of profit.
The phrase “You’re not a good trader, it’s just a bull market” will become relevant again.
It will seem that you have learned the mechanics of the market, understood how to make money here, and that the growing PnL is the result of incredibly high-quality analysis, and not a consequence of gambling addiction in a growing market. People will start to think that they have learned to control the situation.
Then this illusion of control will be reinforced by social infection. The feed will create the feeling that the growth will continue at least throughout the year.
Moreover, even if you begin to doubt, collective euphoria will suppress rational doubts. Euphoria will quickly turn into panic, so it is very important to ask yourself as many questions as possible, take breaks in trading and not deviate from the strategy in the hope of getting 20% of the deposit in one transaction.
This will be an exam for those who have gone through the whole path with us and will continue it further.
Stay safe and remain mindful🌙