I think that your success in day trading also has a lot to do with your mental and emotional characteristics. You have to be able to look at raw numbers and facts and pull your emotions out of it as best you can. If your coins plummet, don’t panic and sell off.
If a coin rises don’t get excited and buy more of it at the top. You have to be able to manage your loss anxiety as well as greed euphoria.
If you have the ability to look at the current prices as irrelevant as long as you don’t sell then you are doing better than most. Many people feel some sort of pain just by looking at losses on a computer screen. Remember that those numbers are only suggestions and new suggestions will come up tomorrow. It is your choice to sell on those suggestions or not. It is not a representation of loss or gain unless you actually sell.
If a coin rises don’t get excited and buy more of it at the top. You have to be able to manage your loss anxiety as well as greed euphoria.
If you have the ability to look at the current prices as irrelevant as long as you don’t sell then you are doing better than most. Many people feel some sort of pain just by looking at losses on a computer screen. Remember that those numbers are only suggestions and new suggestions will come up tomorrow. It is your choice to sell on those suggestions or not. It is not a representation of loss or gain unless you actually sell.