Here a F**k Up, There a F**k Up, Everywhere A F**k Up
4 August 2022
What a horrendous thought to believe – it’s you!
4 August 2022
When I look at Crypto charts, I see a lot of pain for inexperienced traders (probably seasoned hands too). It was going nowhere, and then the last bulls capitulated. The media was almost universally negative, and then boom! 50% up in a week. Those who missed it (most) will be desperate to get in. They hesitate, they lie awake wondering, ‘is this the new bull? Is this on the way on 100,000?’, and then, full of FOMO, they jump in this morning and they lose again.
This is why it’s essential to be clear – free from the emotional impact of the markets. You don’t have to like what happened. Believing that there’s a lesson to be learned is an excuse for torturing yourself and staying stuck. If there is something you did that you wouldn’t do again, write it down, find a way to make sure you implement it and move on.
Ultimately, you are not your performance. Trading is a game, like any other aspect of life. Learn to separate yourself from your results.
When it feels like the market is making a fool of you, and the only way you can feel good again is by being right, you are probably just about to make a terrible decision.
I’ve been there and it sucks.
