I just started DCAING into bitcoin some months ago with the purpose of becoming a long term holder, I've got my funds in place, I've done my cashflow check up, I've started building my emergency funds, I'm following all the rules that I think I need to follow to reach my goals as long term holder. But guess what happened yesterday?.
I used the money I was supposed to use to lump sum into bitcoin to buy a game. Lame right, very lame. While a lot of persons would talk down on me right now about this cause I know I've messed up and was supposed to say no to that urge to just spend more. Although I've replaced it today with a lot of hard work. I've learnt a lesson. To succeed as an investor you must have self control. I had every reason to say no to the urge to get a game but I didn't. I lacked self control to say no myself and do the right thing.
If anyone must achieve any desire in life, he must have the self control to control his lists cause here I am burning with desire to accumulate bitcoin and this same me went ahead to forfeit it for a game. All I know is I'm never gonna make this same mistake again.
Learning from experiences , everyone made a mistake for how many times but doing the same mistake is stupidity and not to be in the line of me and yours. and don't worry mate we are going to taste the sweetness of victory and we must be ready now and tomorrow.
Whatever we do, having self-control is quite important. Many people not just in the investing industry have failed but also in others like businesses because of the lack of control and planned activities will certainly lead to major losses and failures. Keep in mind that every single mistake we make has something that ends with bad results. Therefore, it is a need for us to think several times before proceeding to what we think. Failure is not a thing to be afraid of but avoiding them is necessary if we know that there is a way. We can't think right if we never fail, so let us accept that this is gonna happen in real life.
in the market or even in gambling or in life , we are in need to have self control .