When I first entered the industry, I thought that passwords, candlestick patterns, and insider information were the most important. After losing my first amount of money, I realized that setting stop-losses decisively and managing position sizes are actually the most important.
After experiencing a bull and bear cycle, I found that not borrowing money, not leveraging, and surviving longer are very important. After a few margin calls, I realized that emotional control, unity of knowledge and action, and overcoming greed and fear are very important. Being able to endure loneliness, besides trading, having a life is very important. Finally, I understood that the market is always right; respecting the cycle and following the trend are the most important. #eth
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When I first entered the industry, I thought that passwords, candlestick patterns, and insider information were the most important. After losing my first amount of money, I realized that setting stop-losses decisively and managing position sizes are actually the most important.
After experiencing a bull and bear cycle, I found that not borrowing money, not leveraging, and surviving longer are very important.
After a few margin calls, I realized that emotional control, unity of knowledge and action, and overcoming greed and fear are very important.
Being able to endure loneliness, besides trading, having a life is very important.
Finally, I understood that the market is always right; respecting the cycle and following the trend are the most important. #eth