MultiversX Tracker is Live!

The market has taught me invaluable lessons!

All Cryptocurrencies

by COINS NEWS 37 Views

1. Relentless conviction in assets is forged in chaos.

If you sold something you thought was good yesterday, it just means you did not know anything about it. Ask yourself if you did enough research. But the catch is to be brutally honest with yourself or else you will make the same mistakes again and again. Maybe you thought you would buy lower?

2. Timing the market is futile

What not? You sold, okay. Your favourite influencer is saying we're going to 50k and you told yourself that you would start selling in the 60k range. You didn't sell before ftx collapse either. You sold BTC for 15k when everyone was calling for 10k. Again, you have no strategy and are flopping and groping based on nothing but hot air. You don't know why you buy certain coins; you have no clue when to sell and when to buy which leads to the next point of being

3. Discipline and emotional control

Whenever you feel fear, you can say that you have:

- too much exposure

- not done enough research for that rock-solid conviction in your purchases

- upside down views

If anything, your eyes should be flashing dollar signs like Scrooge McDuck, with your greed flaring up by 5x because you can DCA into more of the best coins that you have done your research on in this space.

4. You lack knowledge

Becoming good at something requires commitment and weeks if not years of hard work. What makes you think this is any different? If you do not discipline yourself, you will always fumble your investments. If you do not learn the narratives, you will always miss opportunities. If you do not learn how to trade with proper risk management, you will always have horrible returns. If you do not learn macro investing and economic outlook, you will always be going into this space blindfolded and not knowing anything about the bigger picture.

We do not deserve wealth. We take it. What you do not hate, you will eventually tolerate. Detest being ignorant and you will move to hell and back to ensure you become smarter in the future.

Many times, the worse things happen to us turn out to be the best things that we could ever hope for due to the invaluable lessons.

Stay strong and keep grinding champs!

submitted by /u/cassiopeiamedusa
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments