PSYCHOLOGY MANAGEMENT
The most important thing in psychology training is to prevent our emotions from getting in the way of our own actions. Let me list them as rules for you to understand better:
1- We NEVER, NEVER invest all our money in one coin, this affects our psychology very badly and causes us to make mistakes.
2- We divide our vault into AT LEAST 5, friends, this should be the maximum money you can put.
3- We always keep +20% cash on the side (30% to 40% is ideal). So you will see the declines as a buying opportunity instead of savagery :).
4- If you are going to put a stop-loss, you can move away from the screen, friends. If you have a stop-loss order and you are watching it, this will stress you that it has already exploded, you have already put that stop-loss in the smartest place, relax.
5- In big declines, there is a final rise that we call dead cat bounce. While you are watching that decline, you say where is this going and sell from the bottom. Try NOT to sell, if you want to take it out of your hand when it rises, you can take it out. I repeat, do not give your property at the bottom.
6- The crypto market will constantly move up and down, friends, when you accept this as normal, you will find yourself watching this market more comfortably.