So how to control your mindset?
Here are some small suggestions that I hope will help you.
1. Understand the essence of speculation: Distinguish between primary and secondary, mainly speculate while it is just a side job for you. Treat it as a new way of managing finances, a skill to earn extra money. Of course, if you treat it as your main job (professional speculator), then forget what I said.
2. No need to watch the market every day: There is no need to watch the market daily. Monitoring the market is the responsibility of those in the circle. Most people only need to slowly put their spare money in, let it grow in the pool, and then retrieve it later. Speculating on cryptocurrencies is that simple; it’s not as complicated as you think.
3. View price fluctuations calmly: During the investment process, we need to maintain a calm mindset. Do not calculate daily how much you have lost or gained. Because regardless of the type of commodity, prices will always fluctuate within a cycle. They will drop during the crazy times and recover during the recession. These fluctuations are very normal. If you focus too much on short-term gains and losses, your mindset will follow price fluctuations, and in the end, you will definitely be the loser.
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