Read this entire passage. I am confident after reading you will be able to make better decisions as an investor and/or trader
Everyone is always like: "Ah if only I bought #doge last year, #btc in 2008"
The reason why those people will never see those type of gains is because they will always sell their entire stack too soon, but more importantly they wreck themselves up mentally. Additionally, they are always the ones who are stiffen up.
Accumulate what you can afford to lose and forget about it. Check the chart, maybe once or twice every other hour. Set your stop loss as if you were the whale.
As humans we are extremely emotional creatures, if you are checking your phone every other minute and the price is going down, consolidating for hours, or pumping and dumping back to fair daily levels, your dopamine levels are going to crash horrendously making you feel the urge to take un-necessary risks that will ultimately lead to massive failure and will ultimately leave you like Wojak.
When your dopamine levels crash it takes twice the amount of dopamine to get back to fair level, forget about break-even...
Managing your dopamine levels is extremely key to making high value investment decisions.
In particular, always look at these shitcoin investments from an objective point of view.
Always listen + ignore the "traditional" way and from this take your next step
Investing and especially trading is 90% mental, 5% technical, 5% fundamental
Best of luck,
Matthew Park
Everyone is always like: "Ah if only I bought #doge last year, #btc in 2008"
The reason why those people will never see those type of gains is because they will always sell their entire stack too soon, but more importantly they wreck themselves up mentally. Additionally, they are always the ones who are stiffen up.
Accumulate what you can afford to lose and forget about it. Check the chart, maybe once or twice every other hour. Set your stop loss as if you were the whale.
As humans we are extremely emotional creatures, if you are checking your phone every other minute and the price is going down, consolidating for hours, or pumping and dumping back to fair daily levels, your dopamine levels are going to crash horrendously making you feel the urge to take un-necessary risks that will ultimately lead to massive failure and will ultimately leave you like Wojak.
When your dopamine levels crash it takes twice the amount of dopamine to get back to fair level, forget about break-even...
Managing your dopamine levels is extremely key to making high value investment decisions.
In particular, always look at these shitcoin investments from an objective point of view.
Always listen + ignore the "traditional" way and from this take your next step
Investing and especially trading is 90% mental, 5% technical, 5% fundamental
Best of luck,
Matthew Park