"Trading is 99% waiting + 1% action—yet amateurs spend 99% of their time forcing trades."
When I say that I trade once or a few times a year or two, I mean this. Trading is 99% waiting and 1% action, that's why my trades are very successful. I watch the market and when I want to do something, I remind myself that I should wait further, this is not the final image of the situation, so I force myself to wait more and then the picture becomes bright and you understand when it's the right time to buy again but to be honest, my problem is always selling. I find right times to buy the coin very easily but I mentally struggle when it comes to sell. I've had lots of successful sells and I'd even say that I accurately sell at peak times but this part is much harder for me than choosing the right time to buy.
Trait 4: Treat Losses as "Paid Data"
Psychology Experiment:
Two groups lose $1,000:
Group A: Self-blames ("I’m an idiot").
Group B: Writes a post-loss autopsy.
Result: Group B outperformed Group A by 400% in 6 months.
I did both, I blamed myself for being an idiot but later, I started to analyze my behaviours and mistakes and fixed them.