Recently, I don't know why, it's very hard to post updates. It's either failing to pass review or there's a traffic restriction. Looking at the communication in the update ambassador group, it seems I'm not the only one encountering this situation.
Yesterday was the fourth day of the self-driving tour around Shandong Province. I was in Penglai making wishes, watching my account soar up, and I truly felt pleasant. However, the crazy times have not yet come; short-term players still need to be relatively cautious.
Looking at the comments section, many new friends missed out on the surge of ETH and mainstream altcoins. It's difficult to change the limitations of understanding and the psychology of fear in a short period of time. Without experiencing one or two rounds of bull and bear markets, it is indeed hard to act contrary to market sentiment.
With the abnormal impact of this round of bull market cycle, many people have lost confidence in the future market. There was a time when the market was always filled with rhetoric that the bull market had ended and the bear market was coming, and there were always players below V3 who believed ETH was trash and weak. Every time there was a surge, they would shout about shorting it and aggressively shorting.
Unfortunately, this wave will not go as you wish. The smooth implementation of the stablecoin bill is the biggest positive factor on the fundamentals. ETH is the preferred chain for stablecoins, and the increase of stablecoins on the chain will surely bring prosperity to Ethereum in the future.
When the market falls, you feel lost and anxious; when it rises, you think wildly and feel anxious. No matter if it goes up or down, the anxiety remains. This may be the true reflection of many new players right now. You might see a glimmer of hope for breaking even, but you're uncertain about the next move. This is the muscle memory that the market has given you over the past year, subtly imposing a psychological shackles on you.
If you still feel anxious and uncomfortable at this moment, there are only two fundamental reasons: the first is that you do not understand the cryptocurrencies you currently hold and lack confidence in future expectations. The second is that the amount of your holdings has exceeded your capacity, either due to interest or because you have bet too much, involving relatives and friends.
Once there is psychological pressure, trading strategies will unconsciously distort. Once there is profit pressure, trading methods will take risks.
Especially at times like this, greed and optimism overshadow past pains, and your positions may have reached a crossroads in life again. Those who were previously pessimistic about ETH now have a high probability of getting an opportunity to break even. For those who continue to be optimistic about ETH, there should still be one more chance to buy in at a relatively low price. However, many people do not understand their own funds and strategies, and how to formulate plans to cope with them. They often like to directly ask others whether it will continue to fall or continue to rise.
There are no 100% certain answers in the investment market. If I could accurately know whether your money should be split with me, would I? Just like in our daily lives, we should never be overly superstitious about small Hongshu notes, Meituan ratings, or Douyin recommendations. You can refer to some opinions, but remember to use your own brain. Others may just be talking for the sake of it, but you are using real money to experience things. Act within your means; what suits you is the best.
Although the market has moved, the overall sentiment is not particularly high, and the market won't keep rising without any pullbacks. So at this moment, it's not necessary to be overly anxious about missing out; the more chaotic your emotions are, the more you need to stay calm.
Don't rush, slow down, take it easy. If you can't judge right from wrong in your heart, then don't do it. In our circle, making a wrong trade is often worse than doing nothing at all. Not doing anything won't make it worse, but doing something might ruin it. So keep your mindset steady, slow down, and just do what you believe is right, don't be overly concerned about gains and losses.
Some people are curious why I take profits and exit early in short-term trading. After all, I am just an ordinary player. Short-term trading is about playing the market's emotions. Even if I judge the direction correctly, who can predict that the market will suddenly surge so dramatically? It's enough to consistently achieve the profits I expect; a 30% gain in short-term trading is already very satisfying. Moreover, I still have some profitable positions running.
A stable win rate will nurture a person, nurture your temperament, and nurture your spirit. A single correct operation is enough for a family to eat, drink, and have fun in Shandong for half a month. Therefore, I suggest that those who trade frequently really need to withdraw funds regularly. Money earned should be spent; eat when you should, drink when you should. If you haven't made a profit, I also recommend withdrawing a bit to help you have a concept of real money. If you get too caught up and turn real money into play money, that would be a loss.
Don't forget, this year it is indeed quite tough for most common people to make some money.
Written at Penglai Pavilion in Yantai during the rain, success is in the heart, and blessings are boundless 🌞
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