Thread by @i_am_jackis

1/ 🧵 WHY do the markets & especially #crypto markets make you feel bad even if your portfolio is growing up?

And WHY do they do it 90% of the time?

I've decided to write this thread as I've seen more & more people struggle with this problem

Find out below why 👇

2/ Markets are a very tricky place.

They tend to mess with our heads more than we probably realize & yet they are nothing but a visual representation of our collective psychology

3/ Let's be honest here... Have you ever felt bad that even though the coin you bought is going up, it's just not going up fast enough compared to the one you did not?

If you answered YES, trust me, you are no exception.

But let's dig into why & how to fight it 👇

4/ Hypothetically speaking let's assume you are half the time right & half the time wrong.

That gives you:
▪️ 50% loss rate where you feel "bad"
▪️ 50% win rate where you feel "good".

Or at least you should. Right? Right?!

5/ Well... not really 🤔

Because as we spoke we need to divide those 50% where you "SHOULD" feel good into more parts.

It's exactly that time when you are given the option to choose from ten, twenty even a hundred of #alts or other assets to buy from.

6/ For whatever reason, you choose one over the other and hypothetically speaking they all go up.

But they won't be going up in the same way. Some will go faster & some slower.

This is where the problem comes up. The chances of you catching the fastest horse are very small.

7/ So even though yours is going up & it doesn't even need to be the slowest one, it can be the mean average, you are going to feel like you are underperforming the market.

So yes. The market is going up, and your portfolio is going up. But hey... Could be going up faster right?

8/ And here you are feeling bad while making money.

Tricky those markets are 🧐

But do you think it stops there? It doesn't.

👇

9/ Now even if you catch some fast horse, you were counting it against USD or w/e your fiat money is.

But now you gonna start calculating it against #BTC or #ETH

So you could be making money vs USD but losing vs #Bitcoin and feeling bad again! How crazy is that?

10/ But it doesn't work like that on the other side does it? Quite the opposite.

You can be losing vs USD but also vs #BTC & #ETH

Oh damn who made it be like this I'm gonna do things to him right? Haha

Fortunately, there are ways to fight it and I'll tell you how 👇

11/ First of all you need to realize, that the chances you gonna catch the fastest horse are so small you need to give it up immediately and just come to this realization of being happy by just making money itself.

12/ Second, you need to give yourself nice but accomplishable goals for the year.

Trust me, there ain't a long-term profitable trader/investor that doesn't have monthly/yearly objectives he aims for.

If there is no goal, where are you aiming at??

13/ The next: Good old diversification

You are upping your chances drastically to catch the best ones by choosing 10 options instead of 1

Yes you will not make as much as if you caught the best one but again the chances of you catching the best one are so small you will miss it

14/ This thread is by the way sponsored by
@PrimeXBT

u.primexbt.com/Jackis

You can trade $BTC or $USDT against other traditional assets like equities, commodities & so on using crypto as collateral which is very interesting to me

Use code JACKIS for up to $7K deposit bonus

15/ This way you minimize the risks while upping your chances of catching the good ones and you will still feel mentally much better.

Because let's say 4/10 of your options are going up. It's still better than again having bad luck and having the 1 that goes down

16/ So yeah going all-in on one thing can be great if you get lucky you catch it but the chances you do out of all the options are very small.

So if you prefer better mental health, this is the way.

17/ Not to mention if you are all-in on 1 and face the problems we discussed above, it can easily force you to make all kinds of mistakes.

Ever switched from a coin that was moving sideways for ages to something pumping right before it pumped? Yeaaaah...

18/ So as you can see markets work in a way where you can feel "bad" 90% of the time even if you are making money.

Not to mention that markets trend only 30% of the time, 70% rest is sideways which doesn't hit the proper dopamine effects.

19/ To summarize it, there ain't much room for you to "feel good" and you need to understand this.

Adopting some of the techniques I mentioned above greatly improves this feeling but doesn't erase it.

Only mitigates it and yet can be THE thing that changes everything for you.

20/ Thank you for taking the time to read this! 🙌

I highly appreciate it if you like and RT this thread 🧵

Help out a brother or sister struggling with this and share it with them.

Follow me if you'd like to see more threads like this ✅