Everyone wants to “ get rich “ in crypto and nfts but 99.9 % can’t handle the emotional volatility.
People have lost their life savings in BTC & People have made insane money in BTC.
The 1 key difference is trading psychology.
Most traders have absolutely no concept of what it means to be a risk-taker in the way a successful trader thinks about risk. The best traders not only take the risk, they have also learned to accept and embrace that risk.
When you learn the trading skill of risk acceptance, the market will not be able to generate information that you define or interpret as painful.
the typical trader wants to be right on every trade, he’s delusional.
The best traders aren’t afraid. They aren’t afraid because they have developed attitudes that give them the greatest degree of mental flexibility to flow in and out of trades based on what the market is telling them about the possibilities from its perspective.This post is based on this twitter thread.