Prioritize Research Over Emotions When Investing In Crypto

in crypto •  2 months ago 

I'll be honest, I doubted Solana for a very long time.

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It was one of the best producing layer ones this cycle. It had the best, most lucrative meme coins on the actual chain. And I've been doubting that thing for a very long time.

In investing, position trading, whatever you're doing, you're gonna make mistakes, man. It's how you recover, right?

So I have a choice to make. What I could do is I could double down on it for no reason and be like, it's the worst coin ever and continue that route. I do think it has a lot of flaws. Or I could understand why it's doing well and potentially find an investment opportunity. So you don't go extreme in either way.

The goal here is not to isolate from the results. If it's producing results, you don't isolate. But the goal is also not to FOMO and feel like you're missing out and then aggressively invest in a coin after it recently pumped and did all-time high numbers.

I'm not gonna follow the pump. And this is what you call emotional control. Understanding your focus. And being able to correct yourself without making a dramatic decision because you feel like some emotion is tugging and pulling you in a certain direction.

Research over emotions.

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  ·  2 months ago  ·  

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