Post
Topic
Board Altcoin Discussion
Re: How you deal with your emotions after losing a lot of money on rug pulls?
by
Kasabus
on 10/12/2021, 10:43:01 UTC

I wanna hear from you guys on how you deal with these rug pulls after losing huge amounts? Like how many days can you get back on track after being so emotional? Or what you’ve been doing in order to move on faster after you lost money on these rug pulls?
I try to be separated from my investments. It demands a great discipline and it makes me stronger when I don't have any emotions connected with money. I try not to think about losses if I have them. We should invest only such sum of money that we can afford to lose, this way, you will not be left without money needed for life. What is more, it is experience anyway, so you should take it into consideration and be more careful next time.
I think every time we decide to invest, prepare yourself for losses because that will be inevitable for the whole time you are investing. We should not always expect for profits, otherwise we'll be living in pain for sure. Because either we tried controlling it or not, emotions will always come out every time we are feeling intense. So the best way to avoid this is never invest what you can't afford to lose, and always learn from all your mistakes so you won't be repeating the same mistakes again.