A Letter to Myself in 2024: 15 Insights for Traders from Mindset Management to Opportunity Seizure

Author: ML

Compiled by DeepFlow Tech

Memo to self: 15 important lessons from 2024

Do not be afraid to try those opportunities that may not seem obvious at first.

Do not overlook certain potential opportunities due to laziness, unfamiliarity, holding other currencies, or participating in competitive currencies, among other reasons.

Be cautious of various recommendations on Crypto Twitter (CT). When analyzing opportunities, be sure to think deeply and reason at multiple levels.

Believe in your analysis, trust your instincts, and be responsible for your investment decisions: the ultimate profit and loss (PNL) is borne by yourself.

Do not compare yourself with others: try to be happy for those who perform better, and learn from their experiences.

Learn to manage emotions: Impulsive or emotional decisions often lead to negative consequences.

Find a balance between sticking to your beliefs and accepting new information.

Play to your strengths, don't blindly imitate others' trading styles. There are many different ways to make money in the market, finding what suits you best is the most important.

Small profits or losses are acceptable, but huge losses are not tolerable.

Missing out on life-changing wealth is a common experience (don't let others tell you it's wrong), but you must learn from it and avoid repeating the same mistakes.

Discover and understand your own cognitive blind spots, such as the "endowment effect" (which means we tend to assign higher value to things we own, and underestimate those we do not own).

Treat others well, do not belittle others, and try to help those who seek advice from you. Regardless of wealth or status, do not change your nature and way of treating people.

In the market, actively choosing to sell is far better than being forced to sell.

Opportunities are like buses on the street, there will always be another one coming. Don't be discouraged by missing an opportunity, the market always has new possibilities.

No matter how good the idea is, it is ultimately worthless without effective execution.

Wish you all a Merry Christmas! Looking forward to meeting again on the order book!