# Bliss ### Euphoria As I begin writing this article, which may well be one of the more serious and important topics for every [aspiring](https://docs.pinoapi.com/documentation/knowledgebase/psychology/mindset) long-term trader using PinoAPI, I take a sip of my chai tea, infused with fresh cinnamon and a dash of milk. I feel ecstatic. On my right screen, I see Bitcoin reaching new highs, and on my left, I see users making money (for some, all day). Yes, you could say I feel euphoric. ### Stop With experience over the years, I have learned that the moment you gain the most is usually followed by a moment where you could lose everything and even more (psychologically speaking). In this moment of inner bliss, where money pours into your account like water, stop. Empty your mind and focus on this article. It is very important, trust me—I know.

Unknown artist

### Your mind The moment you read this article, [your mind](https://docs.pinoapi.com/documentation/knowledgebase/psychology/who) is in a state of happiness. My goal with this article is to retain this state of mindfulness and expand its lifetime indefinitely. To achieve this, we need to downplay our expectations and face reality. The market will be here every day, and with it, there will be numerous opportunities daily. By being on the sidelines, not having your setup running, you are still positioned in a way that the volatility or any external situation cannot impact your balance. ### The scenario In 2021, starting on May 9th, Bitcoin corrected by around -50% in under two weeks. Most altcoins dropped between -60% and -80% during the same period. This occurred after approximately 240 days of extremely bullish (uptrend) market conditions. {% hint style="warning" %} While running an [Idle](https://docs.pinoapi.com/documentation/overview/algorithms#idle-1) High setup, configured with all weight, all instruments could decrease in value down to -46% when liquidation risk is extremely likely. {% endhint %} ### Dip Virginity In the PinoAPI community, we often refer to 'Dip Virginity'. This term is used for people who are new and are often overconfident in their setup management. Once the dip (massive correction) happens you'll know if you actually are here for the long run, or if the euphoria is short lived and you start back at square one. {% hint style="info" %} **Survival Cheat Sheet** When everyone is euphoric, the news headlines are about Bitcoin, and your friends who usually never talk about crypto start discussing it, you feel the stars are aligned for success. At this point, you should either scale down your risk by 50%, or bet big but [manage your risk ](https://docs.pinoapi.com/documentation/knowledgebase/strategy/risk-management)in a way that caps the risk of ruin. You can read more about this [here](https://docs.pinoapi.com/documentation/knowledgebase/strategy/trade-emotion). You will have more than enough opportunities to re-enter the market. When the correction occurs, most people who remain overexposed and lack money or [risk management](https://docs.pinoapi.com/documentation/knowledgebase/strategy/risk-management) will get wiped out. Meanwhile, you will be comfortable and, at worst, end up[ HODLing](https://docs.pinoapi.com/documentation/knowledgebase/strategy/isolate-risk#hodl) an instrument. Survive > Thrive. {% endhint %} ### Nitty Gritty [Most aspiring traders](https://docs.pinoapi.com/documentation/knowledgebase/psychology/mindset#beginners) will fail to do this, thinking they are the center of the universe and the stars are really aligned for their success. But trust me, after a few times of seeing your hard-earned money vaporize in a few seconds of extreme volatility, you'll be cured of this [mindset](https://docs.pinoapi.com/documentation/knowledgebase/psychology/mindset) quickly. Be different. Start today, start now. Recognize the situation you are in, act on it, and survive the next correction.

The Great Wave off Kanagawa

### Oh, how I wish I had this article when I just started my journey... --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.pinoapi.com/documentation/knowledgebase/psychology/bliss.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.