The key to long-term survival in the crypto world: mental management #Gate广场新手村第五期

The biggest test in the crypto world is not technology, but human nature.
Greed and fear can lead traders to make irrational decisions! Here are some trading insights to share with everyone!!!
1 Not pursuing huge profits, only seeking stability: The power of compound interest lies in continuous profitability, not in short-term windfalls. An annual return of 30-40%, if stable for ten years, results in a 20-fold return, which is far better than "doubling in one year and collapsing in the second year." However, making a profit 2 times and breaking even 7 times is the norm in the market, and 57% of people making money in the crypto world do not exceed an annualized return of 20%.
2 Accept imperfection: No one can buy at the lowest point or sell at the highest point; just capturing the middle of a trend is already a success. 3 Reduce emotional interference: After formulating a trading plan, try to execute it mechanically to avoid making ad-hoc decisions during trading.
4 The "survivors" of the market: Legendary stories are just a small minority; most successful individuals rely not on exceptional talent, but on strict risk control, a stable trading system, and a good mindset.

As ordinary traders, we don't need to become Liangxi or Aoying!