🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
This is the best psychological explanation for "earn and run, lose and hold (earn small, lose big)".
There are two kinds of pain in trading, one is the pain of losing profits, and the other is the pain of losses. When you see profits, your subconscious will make you want to close the position so that you won't have to face the pain of losing profits; when you are losing, the subconscious will make you hold the position longer, otherwise you will immediately have to face the pain of bearing losses. As long as you don't close the position, there is still hope. The purpose of the subconscious is simple, just to make you avoid pain.
However, this is precisely the biggest psychological barrier that hinders you from becoming an excellent trader. The significant difference between ordinary retail investors and outstanding traders lies in the ability to make small profits and incur large losses, or make significant profits and incur small losses.
In trading, there are two types of pain: the pain of losing profits and the pain of losses. When you see profits, the human subconscious will make you want to Close Position so that you won’t have to face the pain of losing those profits; when you are in loss, the subconscious makes you hold the position a bit longer, otherwise, you will have to face the pain of bearing the loss immediately. As long as you haven’t closed the position, you still have hope. The purpose of the subconscious is very simple, it just wants to help you avoid pain.
However, this is precisely the biggest psychological barrier that hinders you from becoming an excellent trader. The difference between earning small and losing big versus earning big and losing small is a significant distinction between the general suckers and excellent traders.