Quote from: YUriy1991 on Today at 03:21:47 AM

Quote from: gunhell16 on August 20, 2023, 05:05:08 AM

4. Make the 24 hour rule
This rule helped me when I was building in this way. Because when I want to buy something, I put it off for 24 hours, and during this time I learn how to assess these things. Usually the excitement we experience disappears immediately after a few hours. You imagine the sacrifices you will make when you accomplish them. Like the small savings you have or sometimes we will even borrow the money we will use here. At least in this way we can avoid impulsive buying or bursts of emotion.

Here, many traders lose, especially beginners. However, high levels of excitement arise if as soon as someone enters the market, the price set bid immediately goes UP, which is the most fun, but if BTC continues to correct, yes. The science of patience must be used a lot and the world of digital currency is the place where it is easiest to assess a person's mental and emotional level in trading because psychology here really works.

I mean if it's something that would yield you money anyway, even if it's just the prospect of earning money (except for gambling) I don't think the 24 hour rule even applies to this. Especially if it's time-sensitive like trading and investing.

I say that this 24 hour rule is only applicable to stuff that don't really yield you anything down the line, like the newest iPhone, the latest Playstation, or whatever you're planning to buy that wouldn't realistically yield you profits in the process. You have to think it through and decide whether you really want to buy it. if your mind remains unchanged even after a week (I use the 1-week rule) then go for it and buy it cause at least by then you could be sure that it's going to give you satisfaction/happiness.