Don't let your understanding fall short of your luck
A friend messaged me last night, saying he finally broke even. There was no excitement in his tone, but rather a sense of daze.
He said: "You know, I calculated, I've traded over three hundred times in the past two years, paid over twenty thousand in fees, and in the end, it all balances out. It was all for nothing." $BTC
I asked: So do you think you made money?
He was silent for a long time and replied, "I gained a pile of lessons."
This sounds like a joke, but it's the truth.
If you stay in the crypto world long enough, you will notice a phenomenon: those who make money by luck eventually lose it all through their own lack of skill. Why? Because their understanding doesn't keep up. Luck helps you make a profit, and you think you're amazing, so you increase your positions and trade frequently, until the market brings you back to reality.
I know a friend who trades, and he once said something I really agree with: "Every penny you earn is a realization of your understanding of this world. Every penny you lose is due to flawed understanding." $BNB
This sounds abstract, but if you think about it, it's true.
If you can't control yourself, it's due to a lack of understanding. If you can't stop your losses, it's due to a lack of understanding. If you chase rising prices and sell at dips, it's still due to a lack of understanding. The market never wrongs anyone; it simply points out the flaws in your understanding one by one.
So breaking even isn't necessarily a good thing, and losing money isn't necessarily a bad thing. The key is whether you have gained new understanding from these experiences.
If you still operate the same way, with the same impulses, and the same luck mentality — then this time breaking even is just the start of your next loss.
Don't let your understanding fall short of your luck. $ETH
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