Trading coins is about mindset; trading in the coin market is a psychological game, a competition of intelligence among millions, a fierce psychological battle.
The fluctuations in the coin market reflect, to some extent, the psychological changes of both parties in the trade; in a way, trading coins is about psychological quality.
In the long run, most of the final winners in the coin market are those with higher psychological quality and a more peaceful mindset.
Initially, trading coins is out of curiosity and interest, then it's about technology, and later about unexpected insights, unique perspectives, judgment, wisdom, and ultimately, it’s about mindset and state of being.
"The most important thing in trading coins is mindset, second is mindset, and third is still mindset." Success lies in mindset, failure also lies in mindset. At any given time, the emotions of participants, their madness and rationality will play a decisive role in buying and selling in the coin market.
Without good psychological quality and a peaceful mindset, it is ultimately difficult to become a big winner.
Sometimes the market trends can only be understood clearly afterwards; why couldn't it be understood beforehand?
Why do I always incur losses?
In addition to technical reasons, one can look for reasons in mindset -- when the market is rising, it always wants to rise more, greed replaces rationality; when the market is falling, the mindset is unstable, always fearing further declines, fear blinds the eyes.
Some people often swing between excessive confidence and lack of confidence, often making mistakes when overconfident, and also making mistakes when lacking confidence, which may eventually lead to a complete loss of confidence.
Some say that a good mindset for trading coins is not to be happy with rises, not to be sad with falls, not to be happy with gains, and not to be sad with losses. It's easy to say but hard to do; most people entering the coin market are ordinary, feeling happy when they buy in the right direction and troubled when they buy in the wrong direction, which is human nature. The pursuit should be a peaceful mindset.
When buying right, don't be blindly optimistic and lose yourself. When buying wrong, losing money, don't be blindly pessimistic and disappointed, which increases the psychological burden, leading to a loss of judgment and compounding mistakes.
Maintain a good mindset, no matter what happens, the mindset should not be affected. This adds a bit of calm, reduces impatience, adds a bit of rationality, reduces blindness, keeping the brain always clear, unaffected by market changes. With a good mindset, there will be good results.
Recently there is insider news about a coin type, expected to start in these two days, leaving 333 for entry.
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