How do you think about entering the market?

Keeping up an article about thinking in investing, you are probably a bit bored with this topic, right, many, but not superfluous because not just in investing but in all industries, in all aspects of life, thinking is the most important thing first Priority when entering a specific field. Design Thinking, Musical Thinking, Cinematic Thinking, Investment Thinking …

What is mindset?

According to Wikipedia, it’s too long and a bit confusing, so I’ll summarize, thinking is the place where we think, visualize, comment, rate, and recognize a certain thing or event. And thinking is not natural, what you put in it will get it out again, “garbage in garbage out” so carefully choose the sources of information you want to include, in this article we are only talking about the field. Only crypto industry, so what information and knowledge sources you can load into people, is very important as over time you will shape your thinking about this field.

There are people who think crypto is gambling, zero sum gaming, finance, technology, the future, or just an investment channel that will help them make life changing profits … no one is right or wrong be that way.

Thinking is a system of thoughts and beliefs that in turn leads to actions that in turn produce results, the results are a reflection of thinking. Just as the fruit is a reflection of this tree, two trees of the same variety produce two different results, one is fruity and sweet, the other lean and bland. The difference lies in the care of the owner, the ingredients loaded with water, light, fertilizer, time, climate and the right care process that lead to sweet fruits, how right thinking gives good results. Are you satisfied with your current investment results or do you see your future potential in the market you are entering? But the difficulty is that it is difficult for people to distinguish what is right thinking and what is wrong, because fire tests gold, time tests truth. All results, productivity and truth are revealed when tested from time to time, when they first occur few realize they are right or wrong. There are two ways for people to change, people who have failed. When you have experienced failures, mistakes and pain, you will realize that the results are wrong because of wrong actions, wrong actions because of derailed thinking.

So is there a way not to go through the pain of loss and save time and get the right mindset?

In the current era, you can find out everything on google and youtube that is real, the top gold and bottom bran have enough, your difficulty is to filter out what gold is and remove the bran. The danger of free learning is that you may not know what they are teaching you, whether this method will help you grow in the long term, or just pick up on a few short term trends, if quick then flee in time, then go back to the shore .. .

Choose a teacher to study

For any profession or subject that you need a teacher for, you cannot graduate from high school on your own without the help of teachers and teachers. Even when it comes to investing, it is true that a good teacher is not sure whether the students are successful, because success depends heavily on the individual efforts of the learner. They should use other people’s experience, knowledge, skills, and systems to help you get on the right track and go faster.

These are the criteria by which I often choose a teacher for myself:

• Does the person live on the profits they invest and trade, or does the money come from sources of income other than investments?
• Investment skills and training skills are two completely different skills. Can they teach you the same thing that they did?
• Did your students complete their studies with the same results as this teacher?

These are the 3 criteria that I think are important so that you can look for gold from countless Youtuber teachers today. I know it’s difficult, but find and find, knock and the door will open.

For those who have been in the market for a long time, they know the fluctuations in the market and, depending on their different risk tolerance, they will make a decision to choose other coins, but for newcomers you should stop with the top 5 coins large capitalization is enough, you are a newbie and want to make a lot of money quickly and should calm down a bit to calm your greedy wave and try to ask small questions, is the market that easy to make money?

Do you know the difference between the words “expert” and “amateur”?

That’s the consistency, you can do a 10x trade once, a few weeks later, another, and another a few months later, and then lose, win, and lose all of your winnings. The more you lose, the bigger the gains. And this result cannot be sustained in the long term.

But the expert who does this, Superstar Ronaldo, is not only lucky enough to have a few shots in the net, it is a process of hard work to get consistent goals on different courts, opponents, mixed and varied weather.

“What method can help you make steady and ample profit from crypto? It’s worth finding, learning, and practicing. “

Risk management

I don’t know how much profit you are making in the market, but how to do it when investing, it is still important not to lose capital because to lose capital is to lose everything because any type of investment is capital You will hear a lot about risk and reward (risk and reward), the two are always balanced, high risk is high return, but that risk is that you have to weigh it through analysis and research, as well as your own level of risk tolerance to make decisions . don’t like the gambling mindset, flip and eat, cheer up, lose. You cannot make consistent, long-term profits with luck.

Is it the same in every bull season, every market is the same, the newspaper says that many investors are selling their houses, taking out hot loans to invest, then losing all their fortune and jumping over the bridge, that is the life of pressure and Fatigue so that it keeps forcing us to find a way to get rich as soon as possible, as quickly as possible, month after week and overnight.

Use your savings only for investing and remember to leave the living money long enough to calm your mind. Using your own money to invest is pressure 1, borrowing money from friends and relatives to invest is pressure 10, but borrowing high-interest money from the black market to invest is 100 times under pressure, you cannot eat well or sleep because the price you just have to move up or down to make your heart beat faster.

I know that everyone wants to make money fast, and so do I, but there are many things that are slow but fast, become slow quickly, so you have to respect this rule and follow it strictly. Time goes by so fast folks, in the blink of an eye it has been 1 year, 2 years, 5 years and a decade, and I believe there is no market that can make higher returns than crypto so folks, you choose crypto like you do now are and are very early people entering the market. In any market, the big reward is always for a small group and will take the big group’s money. That 80/20 rule will apply forever in all aspects of life until humans cease to exist. Do you think you will learn the right method to get into the other 20%?

Wager a small amount first to learn how the market works and train your emotions to get used to the pulse of the market, just like if you can’t swim you will have to practice in the pool where the water level can’t your chest right and throwing you into the ocean full of waves is like suicide, as is the story of investing, a market where you don’t have much experience, knowledge and skills and only see the pink road through the terrible percentage increase in Crypto and throwing all of your assets in is like really killing yourself, not just throwing all your money in but borrowing more at high interest rates. It’s like tying a noose around your neck waiting for someone to come over, trip over the chair, you put your feet up and you’re dead.

Usually people often think of the prospect of profit, profit, rich, but few think of the opposite outcome, when they think about the two sides of investment opportunity and measurement, then risk and return appear to be the other side of risk.

Find it strange why the price of Bitcoin is so high, Ether is even higher, but why so many people are losing money in this market because the risk is invisible in crypto where you are very difficult to see and receive when it? comes out, the price adjusts, you panic sell, you invest in junk coins and it goes back to 0, you trade high margin futures so your account is burned, you invest that coin tomorrow, you will this one Selling coins is always great when the price is high and selling when the price collapses, and many wallets don’t keep private keys well so that hackers take them away. It sounds very simple, but if you actually have money in the market, you don’t have enough experience to deal with all of these emotions. It is often said that an investment in BTC at 10,000 now makes 60,000 to 60,000 a good 600% profit. but people don’t tell you how painful it is to feel when bitcoin rises and falls along the way.

Can you take the psychological blow when the 38% corrections come, of course you can’t reach the top and sell, no one can do that, you can sell in small quantities on the way up to identify the top area? just. There are a couple of years you can buy, but once it peak, the price only lasts for a few weeks and then plummets sharply.

I always support you in your efforts, your capital, your energy …