How to have a stable investment mentality in a turbulent market

Hello everyone, most of those who follow me are probably involved in the Forex market, so do you agree with me that after learning to trade Forex, you should look at the large tf charts of these asset types? Investing feels simpler, much easier.

Actually, it's true that buying and holding is much easier than trading using margin. And if you apply a reasonable strategy of buying average capital, you will be rich no matter what (If you don't get rich quickly, you get rich slowly).

Even though it's so easy, why aren't many people rich even though we see it's really easy? The answer is that the majority still cannot overcome the barrier of greed and waiting. So today let's talk about how to tame the beast in our heads with concrete actions.

This is the way I am applying it. If you have a better way, please give me your suggestions:

1. Do not take full profits

Although taking profits is never wrong, I never take all profits at once. The higher the price, the more dangerous it is, the more I sell out, but no matter how much it increases, I always keep a part of the asset.

The reason is because no one knows how crazy the market is going to increase, so if everything is sold out and the price continues to increase, it will be a pity, so when the price just starts to recover a little, it's easy to get stuck in a fomo state. Swing in and buy it.

Therefore, always leaving a part of the asset in the market is so that I always have the feeling that I still have money to take profits, so no matter how crazy the price increases, I don't rush to buy, but always have the mindset of having a profit to take.

Of course, doing so means that when the market goes downtrend, you can divide your account by 5 and 10, but I accept it because the amount of money in the market at that time is not much, and I think that is the price to pay to keep it. With a stable state of mind, you can catch a large prey in the weekly timeframe and the monthly timeframe.

2. Always save at least 30- 35% of money for the worst case scenario that can happen

The worst case that can happen is one that I don't think can happen.

If you do so, it will have the following two positive effects:

Extremely comfortable and confident state of mind

Suppose now you use all your money to buy at a very good price like KLQT or fake Keylevel of last month's frame. At this time, I was extremely confident, thinking that if I waited, I would be rich.

But what if it has the phenomenon of having long candlesticks or a false breakout in a large frame? Of course it doesn't matter, but the problem is that when the price finishes running, we will know it is just a candle's wick or just a false break, but when the price is still running, the candle's wick will be the candle body, the false break looks like seems to have been destroyed and from here psychological problems arise.

If you trade Forex at M15 H1, if you sleep and wake up, the price may have finished running. But when you invest in weekly and monthly tf and want to know if the result is a candlestick or a fake breakout, you have to wait a whole month, sometimes several months. And then the self-confidence will disappear and another form of psychology will appear.

First there will be the psychology of buying wrongly, then there will be the psychology of thinking you are wrong. If you endure it for a whole month, it is very easy that one morning, you will make a decision that you will later regret.

But if you don't go all in and still keep at least 30- 35% of money, the story turns in a different direction. It will be psychologically comfortable even if there is a candlestick phenomenon or a false break. It's comfortable because if it's a fake break, it's fine, but if it's a real break, it's fine. Where it's good, let's go into the positives.

Being wrong can make you richer than being right

In trading or investing, don't always worry too much about right or wrong, what's important is how much money you make when you're right and how much money you lose when you're wrong. For example, in trading, if you're wrong, you lose 1R, but if you're right, you get 2,3,4R. In investing, when you're wrong, it's not necessarily a failure. When you're wrong, you have the right to buy at an unbelievable price that you didn't even expect. The important thing is whether you still have the money to buy that crazy price.

Therefore, leaving money in 30-35% is a way to manage risks to prevent the worst case from happening. There is a saying that rich people are born from crises, so if you want to be rich, you must always have money when a crisis occurs. That's why I kept 30-35% money for that purpose.

So the worst case that can happen is something like:

As in the VN-INDEX index chart:

I and everyone else predicted the same price, but it's only about KLQT, right? When we got there, we bought a lot. But I always keep 30-35% to prevent buying at a price that I think it will never return.

The worst place to happen is about where the monthly chart's uptrend begins. Even though I think it can't happen, I still keep a sum of money there because it's a way to help me stay mentally comfortable as well as manage my risks.

The BTC chart is similar.

The worst case and I think it cannot happen is that the price will return to the international volume of the month frame because when there is a fake volume, the price will only return to the fake volume. Although for me it will almost never happen, I still always leave a sum of money there. Although in that article I put 20% money there, maybe I will tweak it to save more money there to increase it to 30%, for example. Limit your greed.

Because if the worst case scenario actually happens, even if I'm wrong, it will make me richer than if I were right.

3. Learn patience by looking less at charts

The thing is, I often trade in M15 and M5 and I'm used to it. Recently, there were a few orders I tried to trade in H1 and H4 and they were all smled.
Being sml is simply a mistake, it's not a problem. The problem here is that I feel like I can't wait to trade in H1 H4. Because to wait for those orders to close, you have to be 3 or 4 times more patient than trading at M5 M15.

That means that if compared to investing on a weekly or monthly basis, the patience required is 50 x 100 times greater. But I still waited patiently by only looking at the price once a day.

When I bought coins in the monthly frame, the coin dropped more than 3K, at that time on Tradingview I stopped tracking the BTC/USD pair, which means if I want to see the price, I have to go to Coinmarketcap to see. And I only watch it once a day in the morning.
There was a time when I forgot I had coins for a whole week and didn't bother going to coinmarketcap to see the price anymore.

But waiting for one thing for 3-4 years is not a simple matter. Just look at the love of student couples, one of whom studies abroad for 3-4 years. Most likely the outcome after that is a breakup.

But if the majority cannot wait for something as great as love, then what about waiting for an external object like money and the majority will not fail?

But anyway, the students only wait like that once in their lives and then from now on, whoever is nearby will "cooperate" with that person. As for investing, we always have to wait for our "lover" to periodically study abroad every 3-4 years continuously for the rest of our lives. It's really difficult and the majority always fail.

However, there is a different point here that we can dig up and apply. Waiting for your lover to study abroad means you have to text and call almost every day. If a person cannot maintain it, the relationship will be damaged and lead to failure.

But in investing, it's the opposite, like investing in BTC, for example, the less we communicate, the less we meet, the more BTC loves us. So I use every possible way to limit the frequency of seeing news and prices of the assets that appear before my eyes. Trying to turn myself into a cold, emotionless boy.

The above story is just an example that I used for fun so that I could compare it with investing, but it doesn't mean anything.

It's hard to restrain yourself from looking at prices at first, but if you hold back for a few weeks, you'll automatically adapt and you'll get used to it.

Wishing everyone to maintain their mentality to invest peacefully!