Many people feel they can't make money. In fact, it's not that the market isn't giving opportunities, but that they are being hijacked by their own emotions.
What is the most common thought? "As long as I make a few more trades, I will definitely recover the losses from earlier." It sounds reasonable, but when you check your account details, at least eight out of ten trades are paying fees to the exchange, and the remaining profit is eaten up by your impatient mindset. This is what is called the "emotional tax," more painful than any slippage.
Who is the bull market really for? Not the smartest group. The ones who truly make money are those who last the longest. Those who can withstand the ups and downs of multiple cycles without being scared out by market fluctuations will be rewarded in the end.
Conversely, a liquidation not only resets your account balance to zero but also leaves an impression on the market. But if you can withstand volatility—avoiding chasing highs and selling lows, not frequently stopping out—your capital will eventually recognize your resilience. This is the difference between surviving and lasting long.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
4
Repost
Share
Comment
0/400
CafeMinor
· 5h ago
Exactly right, but too many people are still falling for the same old trick of trading fees. I was the same a couple of years ago, trying to turn things around every day, but when I looked at the bills, I was completely discouraged—almost all of it went to the exchange.
View OriginalReply0
OnchainDetective
· 5h ago
Wait a minute, I need to check the transaction history of this account... The issue of ten or eight transaction fees is obvious. According to on-chain data, addresses with frequent operations are typical of suicidal trading patterns. I suspected this a long time ago.
View OriginalReply0
FarmToRiches
· 5h ago
Well said, but I just can't shake that obsession with "one more round to turn the tide," and then I wake up to find all the fees eaten up, haha.
View OriginalReply0
FreeRider
· 6h ago
Half of the profit is eaten up by fees, and you're still comforting yourself with "next time I can turn things around." It's really self-deception.
Many people feel they can't make money. In fact, it's not that the market isn't giving opportunities, but that they are being hijacked by their own emotions.
What is the most common thought? "As long as I make a few more trades, I will definitely recover the losses from earlier." It sounds reasonable, but when you check your account details, at least eight out of ten trades are paying fees to the exchange, and the remaining profit is eaten up by your impatient mindset. This is what is called the "emotional tax," more painful than any slippage.
Who is the bull market really for? Not the smartest group. The ones who truly make money are those who last the longest. Those who can withstand the ups and downs of multiple cycles without being scared out by market fluctuations will be rewarded in the end.
Conversely, a liquidation not only resets your account balance to zero but also leaves an impression on the market. But if you can withstand volatility—avoiding chasing highs and selling lows, not frequently stopping out—your capital will eventually recognize your resilience. This is the difference between surviving and lasting long.