In the crypto world, there is a type of person who is very good at telling stories.
The market has risen, it's "I saw through it a long time ago"; The market has dropped, it's because the "whales are targeting me"; I got liquidated, it's "bad luck, I will definitely double up next round." They do not talk about probabilities, nor about positions, only about faith and emotions. In their eyes, trading is not a long-term game of business, but a gamble waiting for a lucky break. Unfortunately, the market does not consume emotions, it only consumes capital management.
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In the crypto world, there is a type of person who is very good at telling stories.
The market has risen, it's "I saw through it a long time ago";
The market has dropped, it's because the "whales are targeting me";
I got liquidated, it's "bad luck, I will definitely double up next round."
They do not talk about probabilities, nor about positions, only about faith and emotions.
In their eyes, trading is not a long-term game of business, but a gamble waiting for a lucky break.
Unfortunately, the market does not consume emotions, it only consumes capital management.