When the message window appeared at two in the morning, I was getting ready to sleep.

A friend of mine who has been trading for half a year sent me a statement - three weeks ago his balance was 210,000 U, and now it has dropped to 31,000 U.

He said he monitors the market for more than ten hours a day, to the point that he almost feels like vomiting from looking at the candlestick charts, but his account looks like it pressed the fast-forward button and is declining.

I asked him to organize the recent transaction records for me and send them. After looking at those dense transaction flows, I suddenly understood.

The problem is neither in the market nor in luck.

He doesn't even know what he's doing.

#数字资产市场观察 entered after rising 5 points, feared the bill;
$ZEC dropped 8 points and the meat was cut immediately, fearing consolidation;
$ORCA settled for two days and could no longer bear it, he changed the inventory to follow the hot spots.

The general logic of work is four words: Follow your feelings.

When prices rise, we feel the fear of missing out, and when they fall, we feel panic, and we are completely under the influence of the market. This is not trading; it is gambling with emotions.

I asked him: "Do you have a clear reason before each time you place an order?"

He was silent for about twenty seconds and then said: "It seems that everyone... feels that it will rise?"

This statement reveals all the problems.

The market never gives you money based on your "feelings". You think you are catching opportunities, but in reality, you are being dragged into the mud because of your emotions.

The people who make real profits are not those who watch the market until their eyes bulge, but those who know before entering the market:

Why buy? How much should I buy? When should I stop the loss? When should I take profit?

If you cannot answer these questions, then every trade will be naked.

Later, I asked him to review the last thirty trades, and the result was that there were three very clear features:

No plans, no stop loss, no review.

This is no longer a technical problem, but rather a completely broken mindset.

The cryptocurrency market will not reward the "diligent", but will reward the "aware".

You may not understand any complex strategies, but you should at least know what you are doing and why you are doing it.

Otherwise, the digital jumps in the account will ultimately remain just an ATM for others.

Do not let emotions make decisions for you.

It's easy to be like carrots, but if you want to survive, you have to be tough on yourself.

Continue to follow: $IRYS $AKE $BTC ANAS31 $ARIA $YALA $RVV $MON $ARC $TRUST $MMT $DYM $TNSR $BEAT $MYX $NIL $DUSK $AIA $ETH $BTC $XAN