2026-01-04 18:27:31

Good trading books recommendations are indeed effective—these two are worth reading. I also want to add two personal collections, specifically focusing on skills that most traders tend to overlook.

"Thinking in Bets" by Annie Duke. The power of this book lies in its ability to sharpen your probabilistic thinking. The most critical aspect of trading is not predicting right or wrong, but making higher-quality decisions under uncertainty. The book teaches you how to separate the quality of your decision-making process from the outcomes. This is especially helpful in dealing with the volatility of the crypto market—you can never be sure of the next candlestick's direction, but you can optimize your decision-making framework. Many novice traders fail at this point: winning once makes them think they are invincible, while a loss leads to complete strategy rejection. Learning probabilistic thinking will help you maintain a much steadier mindset.

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DAOTruant

· 7h ago

Winning once leads to arrogance, this is really a common problem among crypto beginners haha. After one market move, they think they've gained enlightenment. Only to get wiped out next time and end up crying.

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WhaleMistaker

· 16h ago

Probabilistic thinking is indeed underestimated; most people are still betting on single guesses being right or wrong and haven't fully grasped it.

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LiquidationWatcher

· 01-04 18:57

Probabilistic thinking really hits the nail on the head. How many people lose everything because they can't distinguish between decision quality and bad luck...

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LayerZeroHero

· 01-04 18:57

Honestly, I should have read this book a long time ago. I've fallen into too many pitfalls with probabilistic thinking before. Winning a bet once makes me feel on top of the world, losing a bet makes me self-doubt. Looking back now, it's really quite silly.

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Whale_Whisperer

· 01-04 18:57

Probabilistic thinking is indeed the core, but to be honest, most people simply can't change their gambler's mentality... Getting a win once makes them inflate, how deep must that problem be?

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VirtualRichDream

· 01-04 18:56

Probabilistic thinking truly requires insight; otherwise, it's just a gambler's mindset swinging back and forth.

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MissedAirdropBro

· 01-04 18:50

Oh wow, this book is truly excellent. Probabilistic thinking has saved me countless times, no exaggeration. --- Newbies love to think they've hit the jackpot and believe they're chosen by fate. It's hilarious. The strategy isn't the problem; it's just bad luck. --- Separating decision quality from outcomes is so crucial. Many people die because they mistake luck for skill. --- Crypto is a game of probabilities. You can never be sure about candlestick patterns, but you can build a solid framework. That's the real deal. --- Bought it. Just for this logic, I need to read it again. If your mindset isn't right, even the best strategy is useless. --- Probabilistic thinking sounds simple in theory but is extremely difficult in practice. Most people just want to take shortcuts. --- Winning the bet leads to inflation; losing it leads to self-doubt. I've been caught in this cycle before, but I'm doing much better now.

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StakeTillRetire

· 01-04 18:35

Probabilistic thinking is indeed something that beginners tend to overlook... I also got carried away after winning a bet once or twice in my early years, but I later realized that the quality of decision-making and the results are completely separate matters.

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airdrop_huntress

· 01-04 18:32

Probabilistic thinking really hits the mark. How many people get carried away after a single win, and completely deny themselves after a loss... Honestly, they still haven't understood the essence of trading.

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