So, we had a rocky beginning of the year. Bitcoin is breathing heavily around 41k, barely holding, and Ethereum is close to lose the 3k mark. Hive is not doing well either, hovering around $1.2.
I think it's fine to say the market is misbehaving, at least.
It's easy to lose hope, to give in to emotions (read: it's easy to give in to fear of loss) and that's totally understandable. What would we, humans, be without emotions?
Every experienced trader out there would tell you how important is to "master your emotions". I don't quite get this, but let's say I do: I don't agree with it.
I think the trick is not to master our emotions, but our actions. It's ok to be afraid, to feel hopeless and lost. What's not ok is to act like this will actually happen.
Because you have absolutely no way to know if this is actually going to happen. All you have is a narrow time window, which keeps moving forward. That's all there is to it.
Acting like this already happened will tie you to this narrow time window forever. Not acting like this, not giving it to the first emotional impulse, will expand that time window. Tomorrow is another day. Who know what will happen then? Let's take a step back and wait. Let's not tie ourselves to an action which will produce undesirable results.
So, when markets are misbehaving, waking all those monsters sleeping under our beds, it helps understanding that what you look at when you look at the charts is just a potential. It's not happened yet. It may look like you lost something, but that's only if you actually do something about it, if you sell. If you don't do anything, the potential is still there.
Of course, if this is money that your survival depends on, I'm sorry, but you shouldn't put it there in the first place. And obviously, this is not trading advice, just some musings.
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