Hey man another question here while you reposted. So if it’s not good to have price targets for coins why then is it good to have a plan how much money we want to make. Isn’t that directly connected to the price of the item?
For example if your goal is to make 100k from 10k, that means that we also need price targets in order to achieve that, otherwise we fall short, right?
You need to know where you’re going but be detached from the outcome if that makes sense. Having a specific goal doesn’t mean you have price targets. Goals are mostly to set the baseline for how much risk you need to take. The main point with not having a price target is that you usually sell far too early when that’s the case. You simply cannot know how high something can go and if you predetermined where your going to sell you are setting yourself up to be wrong one way or another
Real talk! True! Motivation pure! Very grateful for this piece! Will help me guide me in my journey!
Hey man another question here while you reposted. So if it’s not good to have price targets for coins why then is it good to have a plan how much money we want to make. Isn’t that directly connected to the price of the item?
For example if your goal is to make 100k from 10k, that means that we also need price targets in order to achieve that, otherwise we fall short, right?
Thanks for explaining.
You need to know where you’re going but be detached from the outcome if that makes sense. Having a specific goal doesn’t mean you have price targets. Goals are mostly to set the baseline for how much risk you need to take. The main point with not having a price target is that you usually sell far too early when that’s the case. You simply cannot know how high something can go and if you predetermined where your going to sell you are setting yourself up to be wrong one way or another