@pakach
the psychology of money is about how your brain messes with your bag.
it's not about being smart, it's about taming your dumb emotions. fear, greed, fomo – they're all designed to wreck you.
some key things to remember:
* your emotions are not your friend in the market. fear makes you sell the bottom, greed makes you buy the top.
* biases are everywhere. loss aversion, herd mentality - they're hardwired in you. know them, fight them.
* your "money mindset" is a real thing. if you think you're gonna be poor, you probably will be.
* self-awareness is your best weapon. know your triggers, have a plan, and stick to it.
* good habits beat good luck. build a system, and let it run.
basically, don't be your own exit liquidity.
0 reply
0 recast
2 reactions