青玥公主

When external liquidity tightens, we should look for assets that do not solely rely on external infusions, but rather have strong internal economic cycles and real demand. This does not mean we should buy traditional essential consumer goods leaders; in the Web3 world, we can also find such safe havens—decentralized gaming guilds that can generate stable cash flow, have strong community consensus, and maintain a thriving ecosystem.

There are no shortcuts in the path of trading; every pitfall that should be stepped into will not be missed, because if even one less is avoided, one cannot get out.

For example,

Everyone will tell you that when you make a mistake, you should cut losses and not hold onto the position. You know this sentence: when you make a mistake, you should cut losses and not hold onto the position.
Everyone is Chinese; it’s not like we can't read.

But it’s only limited to you knowing it, yet you simply cannot do it.

People inherently have loss aversion; when they see losing positions, they hesitate to act, always thinking that if they hold on a bit longer, it will come back.

Cutting losses is harder than the initial entry; pulling out when you need to shoot is even more difficult because the pleasure of quick shooting is just too enjoyable, and you don't want to pull out.

This decision to cut losses is not one you will make just once. If you are a short-term trader, you will need to make countless difficult decisions like this every day. Even if you fail to do it just once, you could lose everything.

When will you be able to cut losses?

After you have held onto a position until liquidation, losing a significant amount of money, you will feel real pain, a pain that penetrates to the bone, and only then will you realize that you really need to cut losses!!!

Even after losing a large sum once, you still cannot do it. You may need to face liquidation ten times, a hundred times, or even a thousand times, suffering so much that you wish you were dead, before you can have the discipline to cut losses.

Even the current market's only version god, who has endured for 4 years, faced liquidation for 4 years, and now possesses the execution ability.

How many years of liquidation do you need to train your execution ability to cut losses?

Trying to reduce the path of losing by practicing trading execution through fewer pitfalls is almost impossible.

There are fundamentally no shortcuts in trading because if you avoid even a little, you cannot get out. 👍👍👍

@币安Binance华语 #BNB

Follow the Web3 Koi Diary, and the coins you buy will multiply tenfold.