Recently, I observed an interesting phenomenon: many friends who have lost money in the crypto world share a common trait—they like to have a couple of drinks before trading. One drink down, and rationality disappears completely; they turn around and open a position, with predictable results. When their accounts start to plunge, they regret it deeply—"If only I hadn't had those drinks yesterday, I wouldn't be in this situation now." Essentially, they haven't achieved the unity of knowledge and action.
What’s even more heartbreaking is that, despite believing in the long-term prospects of currencies like LIGHT, they always miss the optimal entry point due to impulsive decisions in the moment. Drinking is just an excuse; the real issue is a lack of disciplined execution. Success or failure in trading is often not about vision but about whether you can control your fingers. Those who consistently profit rely not on spur-of-the-moment impulses but on a clear mind and a firm plan. Reflecting on this, I realize that every margin call is a warning about the same thing: emotions are the greatest enemy.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
SchrodingerWallet
· 3h ago
Oh no, that hit too close to home. That's how I got liquidated.
View OriginalReply0
GateUser-bd883c58
· 20h ago
Haha, so true. I'm the one who goes on a spree after drinking. Now I've learned my lesson the hard way.
View OriginalReply0
NotAFinancialAdvice
· 01-04 13:52
It's just a glass of wine and a liquidation, this logic makes perfect sense.
View OriginalReply0
StableBoi
· 01-04 13:49
Oh, this is exactly what I want to say every time I see friends losing money.
---
Trading while drinking is really outrageous; I've seen it too many times.
---
Not just alcohol, smoking, coffee, and insomnia can also mess people up, making it impossible to control their fingers.
---
I actually saw the right direction in the LIGHT wave, but I was careless and cut losses early, which I still regret today.
---
To put it simply, it's because there's no trading plan; those with plans are all making money.
---
Discipline is easy to talk about, but few can really stick to it.
---
Every time they say to stay calm, they repeat the same mistakes next time, cycle repeats.
---
A clear mind combined with execution ability is the key to stable profits.
---
Emotional management is more valuable than technical analysis, but no one wants to admit it.
View OriginalReply0
SignatureCollector
· 01-04 13:30
Haha really, as soon as I drink, I dare to go all-in, only to realize after waking up that my account is gone.
View OriginalReply0
Blockblind
· 01-04 13:27
Haha, really, one drink and my brain stops working, and I can't stop my hand.
That's why I now firmly avoid drinking before trading. Honestly, emotional management is even more difficult than choosing coins.
The phrase "control your fingers" hit me hard. How many times have I just couldn't resist and ended up with a big loss on my long positions.
Recently, I observed an interesting phenomenon: many friends who have lost money in the crypto world share a common trait—they like to have a couple of drinks before trading. One drink down, and rationality disappears completely; they turn around and open a position, with predictable results. When their accounts start to plunge, they regret it deeply—"If only I hadn't had those drinks yesterday, I wouldn't be in this situation now." Essentially, they haven't achieved the unity of knowledge and action.
What’s even more heartbreaking is that, despite believing in the long-term prospects of currencies like LIGHT, they always miss the optimal entry point due to impulsive decisions in the moment. Drinking is just an excuse; the real issue is a lack of disciplined execution. Success or failure in trading is often not about vision but about whether you can control your fingers. Those who consistently profit rely not on spur-of-the-moment impulses but on a clear mind and a firm plan. Reflecting on this, I realize that every margin call is a warning about the same thing: emotions are the greatest enemy.