Mar 26, 2024 founder Anmol Singh joins CoinDesk to discuss why investors should never make trades based on emotion or other people's judgement.

Video transcript

I think that's the biggest mistake people make is trading based on emotion trading based on feel and not looking at things objectively. They're very subjective. I read this article so that means I'm going to buy this or Michael seller is buying. So I'm gonna buy this. So they're making their decisions based on other people, but they don't know what other people have in mind. They don't know. Then Michael Saylor as he's buying more Bitcoin as it goes up, he's selling his company's shares and str micro strategy. He's been selling it. So his plan to me is very clear. Pump up MST R, right? Sell MST R stock. So he ends up owning nothing of the company and then whatever happens to the company, whatever happens to Bitcoin doesn't matter to him because he's already cashed out. So never making decisions based on what other people are doing. You need to have your own trading plan and own thesis because that's what gives you the confidence to ride the bear markets and the bull markets.

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