Today reminded me of one of the main truths of trading: emotions are a trader's worst enemy.
How it all began
When I saw Floki start to fall, I panicked and sold it at 0.00017600. Then, thinking the market would continue to decline, I decided to sell Lumia at 1.360. But once the price started to rise, I believed in the New Year bullish momentum and bought it back at 1.410.
What happened next? The price started to fall.
Mistakes in 2 hours
Selling on emotions: Floki and Lumia were sold in panic, without analysis.
Impulse Buying: Buying Lumia at a higher price (1,410) was driven by fear of missing out on growth.
Result: Lost 1200 coins in just a couple of hours.
Lessons and recovery
After realizing my mistakes, I calmed down and started trading with a cool head, using technical analysis:
Sold $LUMIA for 1.380 and bought it back at 1.360.
Then he repeated: sold at 1.380 and bought at 1.345.
In 4 hours I recovered 600 coins, cutting my losses in half.
Conclusions
Emotions Kill: Panic Causes You to Make Irrational Decisions.
Discipline is the key: Only a calm approach and analysis will help you regain control.
The market always gives a second chance: The main thing is not to dwell on mistakes, but to learn from them.
📈 Conclusion: Today I made a few mistakes, but I learned an important lesson: a cool head is the main tool of a trader. Now I am even more convinced that success comes to those who act thoughtfully. Successful trading!
