In the cryptocurrency market, if your trading results do not meet your expectations, do you become emotional?
During the trading process in the cryptocurrency market, have you ever experienced feelings of anxiety, indecisiveness, regret, or other similar emotions?
If so, it indicates that your mindset is emotional, irrational, and subjective.
Speaking for myself, I am decisive once I buy; before entering a position, I analyze the fundamentals of the assets I plan to invest in, selecting high-quality cryptocurrencies that suit my strategy.
Once I have chosen the cryptocurrencies, I decide what level of trading to engage in based on my own circumstances. For a long period, I would only choose one trading level, whether it be long-term, medium-term, or short-term, and I generally wouldn’t operate on multiple levels. This is not related to ability but rather a matter of self-discipline.
After selecting the trading level, I analyze the market to assess future trends and develop a detailed trading strategy based on the chosen trading level. The trading strategy includes entry position management, asset allocation, take profit, stop loss, risk control, and so on.
Finally, I find the right precise entry and exit points based on timing, and after entering, I leave the rest to time.
The fluctuations during the trading process are a process of integrating knowledge and action for oneself, and they are also the moments to overcome personal weaknesses.
Even if the market does not meet my expectations, I never complain or blame the cryptocurrencies I have purchased, even if they eventually become worthless. Of course, this is not likely to happen because I have a mature risk control system.
Blaming them is equivalent to blaming myself, and I would not do such a foolish thing.
These are all choices I made myself; isn’t blaming them just blaming myself?
However, in real trading, most people tend to complain about the market, blame others, or complain about why the cryptocurrencies they hold haven’t surged the most.
They do not seek the core essence of the fundamental issue from the source; instead, they become emotional about the process and results, which is detrimental to trading without any benefits.