I’ll go on record and say 95% of what developing traders call “psychology problems” are really just gaps in their process.
If you’re constantly chasing trades it means your entry rules aren’t clear enough. If you’re freezing up at exits it’s because you never defined your targets. If you’re panicking every time price moves against you it’s because you’re sized wrong or never built a position sizing framework in the first place. Moves that fall within your process shouldn’t cause panic.
All of this stuff flows directly from process. Stop reading mindset books and start defining your process. Your trading shapes your mindset, not the other way around.
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Crypto trading and crypto investing are not the same.
If you want exposure to crypto as an asset class you’re better off buying $BTC (and w/e else) and forget actively trading it.
You’ll likely piss away your investment. Fact.
There’s no requirement to trade what you invest.
@litecoinhodler Thanks. That makes sense about the mining costs and inflation. But in terms of impacting the circulating supply, won't there still be more coins being mined, so supply still increasing?
Dan Goldberg barking like a chihuahua again whilst he has the dirtiest closest. There are traders out there who are so upset and especially you trading on client margin. We all know your 1 lot pony. Best you stay silent. Fix up your own yard before you attack others @NotGiacomo
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@LiamTheBrewer @TerribleMaps It sure does. And the difficulties faced by banks in getting in on the action and rigging it like they do every other market :)
@LiamTheBrewer @TerribleMaps I probably should have stated in the post that one can buy any digital currency. Bitcoin is just the freebie, which IMO is worth holding if you didn't pay for it. Plenty more people to jump on board yet. but yeah I wouldn't be a buyer here
@LiamTheBrewer @TerribleMaps Everyone said that when I bought it at $500 dollars too, and $3000 dollars. I agree in part though - never risk money you're not willing to lose