Many people know about market cycles. Usually we grow for two years, then fall for two years. I have already described in more detail when it is worth buying and when to sell
But now I want to talk about a non-obvious problem: how did it happen that while $BTC grew from 26 to 73 thousand, many people not only made money, but actually lost. I don't want to stifle and give advice like maintain risk management or follow the strategy - literally everyone knows that.
If we talk about people who are engaged in trading or investments, they are always in cognitive distortions. In other words, these people are constantly in illusions.
In the first case, people are afraid of losing, and in the other, people are afraid of missing out on profits.
Emotions almost haunt us constantly, but it is not emotions that cause us the most problems, but our ego...
Again, we all know what is worth doing and what is not, but when we overestimate the risks, our ego seems to tell us that this is a noble determination to take risks!
And when we are afraid of losing or do stupid things, our ego tells us that this is reasonable risk control.
It is quite easy to earn money on the market. You just need to constantly buy spot and preferably sell in the spring (watch the cycles). Of course, there are exceptions that enter the market unexpectedly and change its movement (memcoins, NFT, etc.).
Otherwise, only your ego can get in your way. To avoid being swayed by your illusions, try to keep a diary of your emotions.
💭This may seem like stupid advice, but believe me, I can talk for hours about manipulations from big capital, fund conspiracies, speculations of the yellow press, etc., but if you are not in good shape with your head, then you will not be able to earn a stable income.
— I will give you the first insight that I strongly recommend implementing in trading and in your life in general: when you perform any action (buy, sell, speak, do anything), ask yourself the question "why am I doing this?" Ask the question to yourself, in the depths of your awareness and your personality. We do a huge number of actions absolutely thoughtlessly and because of this in the future we lose money or suffer. Before you buy or sell this or that token - ask yourself this question —
If you are interested in this topic, leave reactions🔥👍🏻❤️, and I will continue the column of guides and analysis of psychology, specific earning schemes and manipulations!
