One of the key insights in financial markets is the realization that the head should not turn into a trash can. It's hard to keep your mind organized in a world of digital clutter, but it's critical to becoming a profitable player.
Maintain hygiene in the information field. Information is one of the main tools for building correct and healthy analytics. But only if it is really information and not a garbage dump 😉
Here are examples of what to avoid:
1. "100% strategy that will help you make money!"
2. "I know exactly where the market will go."
3. “These 10 altcoins will give you 100 X.”
4. "Ivan is a great trader, he predicted the market movement."
5. "Expert Petya knows everything about the downside of the market."
6. "Gennady earned +100500% in a month."
7. “These coins will be pumped.”
8. "Coin at 30x."
9. "Bitcoin is going to update high."
10. "100% signal."
11. "Technical analysis works."
12. "I KNOW EXACTLY WHAT THE PRICE WILL BE."
If you see headlines like these, don't waste time checking their veracity. People who create such headlines, even if it’s just clickbait, gather around themselves, let’s say, not the smartest audience. Such an audience does not need serious information, they do not need to understand and delve into it, and therefore it is not necessary to put meaning into the content.
When the brain passes terabytes of waste through itself, it negatively affects it, causing anxiety, which leads to a million useless actions. And this is a direct path to losses. There's no point in wasting your time listening to 500,000 opinions on where Bitcoin will go. Instead, you need to delve into and understand how the market works, what determines the price, what affects this or that type of asset, what is the relationship between fiat and risky assets, etc. Learning the base and foundation now will save thousands of hours in the future.
Keep your head clear and your thoughts clear. Then it will be possible to build your own, well-founded analytics. And yes, I also study all this information, although it’s not a fact that I use everything in practice 😉
