How does Takong adjust his emotions? ——Learn, observe, and wait for opportunities!
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2024.11.8 Record
This wave is perfect!
Although I have always wanted to keep up, I have been doing long, but I can’t keep up with my knowledge and can’t hold on! I can’t bear too many floating losses!
I shouldn’t earn this money! "People really can't make money beyond what they know."
Fortunately, it paid off! (Although it is more than 15% less than simply holding $BTC currency and waiting for it to rise😭)
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From August to November 2024, experience "Bear🐻 + Ox🐮" completely once! Today $ETH made up for the increase, and I finally understood that "big investors only speculate in mainstream currencies"!
⛵ Only when the tide goes out do you discover who is swimming naked! 👀 Let's see which ones can rebound!
(1) Shitcoins can only wait for opportunities at 'key positions' (with a 'stop loss' in place)!
(2) Mainstream coins are suitable for buying on dips! Or wait for significant structural opportunities to short!
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I also understood the approach of top traders who 'do not pursue buying at lower prices, but rather seize certain opportunities'!
(1) In a downturn 📉 there is no bottom, in an upturn 📈 there is no top!
(2) No one can buy at the lowest point or sell at the highest point!
(3) If you overly pursue this point, you are likely to be stuck halfway up the hill! The risk of guessing tops or bottoms is extremely high, it is the most expensive 10%.
(4) A more certain approach is to wait for the bottom/top to form!
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I also observed the relationship between the liquidation chart and $BTC price in the past two days! Conclusion: The credibility of the liquidation chart is poor!
The reason is:
(1) It is variable. The bears' fuel will really continue to grow endlessly, giving a sense of 'spring winds and rebirth', it's never-ending!
(2) When at new highs or new lows, there are many observers, and relative costs for either pushing the market up or down are not as high as imagined.
(3) Capital is strong. Capital can absolutely control prices 100%, it just depends on whether it's necessary and if there's cost-effectiveness (this is not the cost-effectiveness speculated by retail investors, but rather based on more data and facts!)
(4) Trading plays on human nature. When the market drops, I saw 65,000 → but it only went down to 68,000; when the market rises, I can only see the new high of 75,500 (shorted once, broke even), but it went up twice to 76,900... I originally thought that a 100,000 liquidation would be very safe, but now I'm scared 😱!
(It might be that the more this happens, the faster it reaches the end! The market may be waiting for the moment when the stubborn bears turn into bulls!)
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'Floating profit is not profit, floating loss is highly likely to be a loss'
Because the pain of 'loss' is greater than the pleasure of 'gain'! If I float a loss of 10 dollars, I can't take it anymore and can't help but doubt whether my decision-making has problems!
This mindset — in the short term, helped me avoid several losses, and in the long term, prices will fluctuate back.
However, with psychological factors added in, I am very likely to 'cut losses and exit' at the highest or lowest point.
The fundamental reason is still that I didn't make a good trading plan, didn't gamble at key positions, and didn't thoroughly study the targets before hastily taking action (thus unable to stick to my judgment)!
The indecisive mindset of retail investors is most likely to result in repeated losses (most of the time it's self-inflicted 🈹)
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The song 'What else can we do?' pops into my mind.
—— Learn, observe, wait for opportunities!
Remember:
(1) Money can be endless, but it can also be lost all at once.
(2) Making money is very difficult, but losing money is very easy!
(3) The less capital you have, the more you need to wait for certain opportunities, because there aren't many chances left for you to incur losses!
