Technical analysis by Juliia about Symbol BTC on 19 hour ago

Very often I catch myself thinking before opening a trade that I want to be right about the chosen direction. The first thought is not even about how much I can earn, but that it feels nice to be right, nice when the market confirms the chosen direction — that warm and pleasant feeling of a life-winner who takes control into their own hands. Sometimes I think that the overwhelming majority of traders came to the market not for money, but for this very feeling of being right, being competent and important. And opening a trade from this point is an emotional trap that eats up our deposits. Let’s figure out why and how to fix it. Let’s start with what happens before opening a trade, when we come to the market to prove that we are right. You’ve surely seen such posts, and maybe even wrote them yourself, like “I told you so!”. This often happens with beginners in trading, because in the beginning, by the laws of the genre, the price often goes in the direction of the beginner, and it seems more and more to them that they’ve cracked the market, are always right and cannot be wrong. Before opening a trade in such a case there appears the emotion of happiness in anticipation of that cozy feeling of being right. Usually the trader starts thinking and saying phrases like: I know where the price will go The price will be 1000 in a week Save this post/tweet I’ve always been right and now too, you’ll see I’m telling you for sure the price will be 500 in 4 hours This is the bottom/reversal point/top, from here we will go this way If you recognize similar patterns and use them as a signal to open a trade, I have bad news for you. The moment will come when “I am right” inside one single trade will take away your whole deposit, and maybe not just one. You will never forget that dull pain somewhere in the chest after this. It usually pushes 95% of beginner traders out of the market, because after “I am right” doesn’t work, they usually say: It’s all whales manipulating It’s the exchange’s fault It’s the president who is wrong Technical analysis doesn’t work Trading is a casino and you can’t make money here It’s all a scam “I am right” can even lead to very sad consequences. This is a psychological trap not of the market, but of our own perception of ourselves and what a trade is. What a trade is NOT A trade is not you A trade is not a tool for proving anything to the market A trade is not a toy for when you’re bored A trade is not an enemy A trade is not something that will never happen again A trade is not a bet of your whole deposit on black A trade is not a wife/husband — no need to cling to it When we trade based on the signal “I am right”, we trade “I want validation”, “I want to prove that I’m smart”, “I want approval, recognition, and applause”, “I want to feel control”. Control is an important component. You cannot control the market in order to always be right, but you can control yourself, your risks and your trade management — not from the position “I want to be right”, but from the position “I want to see the result, any result”. Why “being right” is dangerous You start holding losing trades. Because admitting a loss = admitting your mistake. And the ego hates that. You sit through drawdowns. Not because it’s part of the strategy, but because you want to prove to the market, to yourself or to the world: “I was right from the beginning.” You don’t take profit. Because you’re waiting for the perfect point to prove: “Look, I caught the exact top/bottom!” As a result, the pullback eats most of the profit. You lose flexibility. And flexibility is the only thing that gives a trader survival. Why does the desire to be right appear? The desire to regain control when a trade goes against us — at such a moment we see nothing but the chart, because a burning desire appears to pull the trade back to our entry. So we wait, increasing the loss, instead of admitting that we are NOT right and taking the loss. The fear of making a mistake, admitting that no one knows the future and that it is normal to make mistakes — treating mistakes as a curse, not as part of the learning path, a normal and natural part. When we were shamed for mistakes, and now shame doesn’t allow us to admit that I am NOT right, and that this is normal. This goes deeply back to childhood — you need to dig into your patterns and programs. Perfectionism, which, like corrosion, always eats through everything. The world is NOT perfect, everyone makes mistakes, and nothing and no one can do something without first learning how to be NOT right. The desire to be noticed. I’m right, I guessed the market direction, I got approval; I didn’t guess — I didn’t get it. Self-esteem is what you need to start with in trading — learning to praise yourself, finding the source of validation inside. The illusion of others being right. This is a real scourge of our social-media age — the perfect picture of profit screenshots, but usually we don’t publish blown accounts. Why? Because being NOT right and admitting it — that is the level of a pro and a transition to a higher stage of your own psycho-emotional state. What actually causes the desire to be right? Short answer: ✔️ Fear of being wrong ✔️ Fear of shame ✔️ Fear of losing control ✔️ Fear of being “not enough” ✔️ Dependence on external validation ✔️ Childhood traumas of “idealness” and “rightness” ✔️ Broken inner support: “I must not make mistakes” ✔️ Undifferentiated ego: mistake = I am bad So how do you get rid of the desire to be right? I think you can’t get rid of it, but you can notice it and transform it. Practice #1: Mark the “ego moment” As soon as thoughts appear: “I know, it will reverse” “It just can’t keep going like this…” “I’ll get back to breakeven and close” “I just couldn’t be wrong” Practice #2: Micro-stops on the emotional level Not only technical stop-losses. Set emotional stops: accelerated heartbeat the feeling “I must wait” fear of closing the desire to prove Practice #3: A phrase that cuts off the ego When the fight for “rightness” begins, tell yourself: “My task is to protect capital, not my pride.” Also write down reminders and put them somewhere visible: “I’m okay even when I’m wrong.” “I am not the trade.” “I’m saving the deposit, not the trade.” “I can change my mind and that’s normal; no one knows the future.” “I don’t need to be right to make money.” “I’m okay. A trade is just a trade, there will always be another one.” Do you fight for your rightness? Or are you okay being wrong?