#BTC与代币化贵金属对比 Trading is a test of patience and discipline

Investing and speculating are different concepts, with vastly different outcomes. The secret to consistently making money is simple—wait. Wait for the right opportunity, and when the time comes, act decisively to hit the target.

Successful trading = mindset management + capital allocation + technical skills. After years of observing the market, most losses are due to falling into these 6 psychological traps:

1. Overanalyzing — refusing to admit mistakes, driven by luck psychology, ultimately losing all capital. First and foremost, survive; then think about making more.

2. Going all-in — pouring everything into one position, with an excessively heavy position size. When the market moves against you, there's no room to maneuver. The proper approach is to quantify positions and strictly control leverage.

3. Not cutting losses — always hoping to hold on a little longer, driven by luck psychology, resulting in repeated mistakes. No one can change market laws; losses must be taken when necessary.

4. Reckless trading — trading without a plan, relying solely on emotions, trying to recover losses only to fall deeper. Discipline comes first; emotions should take a backseat.

5. Doubling down on mistakes — misjudging the trend and increasing positions, only to be completely flushed out by the trend. Smart traders follow the trend, not fight it.

6. Following the crowd — blindly following others' opinions, thinking that prices will rise just because others say so, lacking independent judgment. Uncertainty is everywhere; staying calm and observing is better than blindly following.

The hardest part of trading isn't the technique; it's the psychology. When feelings are off, it's even more important to hit pause and review calmly. To turn the situation around, focus on these three things: understand historical market patterns to base every move on evidence; act immediately when opportunity arises, avoiding hesitation; follow the trend with positions to let profits run, but set proper stop-loss levels.

Conclusion: The trend is the main direction; follow it, and you'll be right. $BTC The market for @E5@ is constantly changing; only with a steady mindset can you survive longer.