Out there, there are still many chickens, when this batch of chickens grows up, there will be the next batch of young chickens.
Most of the people who just go online to watch the odds will lose, simply because their mindset is copy thinking, so when the market changes, they don't know how to handle the situation.
With the same capital, same entry, stoploss, target, but some people lose and some people win, so what is the problem? That is each person's position is different.
The market still runs like that, the waves are not something that has never happened, even... it is an indispensable part of this game, but every time it happens, the crowd is surprised as if meeting each other for the first time...
100% of newbies' mistakes are trading with emotions. "I think it will fly, it will fly like this, looking at the chart like this, it's a waste not to fly....", or "the price has gone up so high that it can't continue to fly, it's easy to crash at this point, the market is bad, it will crash at the end of the week anyway...". Trading like that, it's a waste not to give money to Mr. Market!
For me to have the mindset and make money like today, the tuition in the past was MONEY, A LOT OF MONEY!
The lesson is: before doing anything, plan for the worst possible scenario!
How much money have you guys burned in this market? comment to let me know I'm not alone!
