Indeed, not to mention the discussions on Twitter and online, even in reality, I have a group of "old leeks" around me who love to jump to conclusions.
If you say something wrong, it's just a barrage of arguments; I call it "ETC," which means—arguing with anyone you meet.
To put it simply, the market has two directions: bullish and bearish. Flipping a coin and jumping to conclusions is really no different. By the way, you can apply all kinds of reasoning to validate that this result is correct.
If you're wrong, it's okay; come back next time, after all, no one remembers.
With reason and evidence, reasonable analysis, whether bullish or bearish, I think that's discussion.
Subjective judgment, refusing to accept rebuttals, directly asserting skyrocketing or plummeting prices—that's jumping to conclusions.
After all, many people think that on the internet, separated by a wire, right or wrong doesn't matter.
Just like every market cycle, the trust of those entering the market, wielding their "newbie cards" on the battlefield, everything they do seems right.
And in every cycle, there are always some star traders who emerge, gaining both traffic and wealth.
I was just discussing this topic with @Phyrex_Ni; life is both short and long, and being alive is more important.
Every stage has its "pride of the era"; it's normal for you and me, just get used to it, and strive to live longer.
Those who have truly survived in the market will gradually learn to maintain a sense of "awe" towards it.
Jumping to conclusions often represents a sense of control over one's inner self, while analysis is the beginning of that awe.
Anyway, I'm inexperienced, I'm timid, and I also like to take things one step at a time. Just like now, even though I hold a short position, and even though I think the bullish momentum is weak, I still look for a pullback first, rather than directly expecting a so-called waterfall crash.
Maybe that's why my courage isn't "big" enough; I deserve not to be popular. 😂😂
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