You may wonder, 'why the market often react against your action'....
Conspiracy A: As you buy, the price starts falling...
Conspiracy B: Other time, you sell with a price which feels good for you; then here comes the conspiracy, a minute later... the price starts pumping ... What's going on and how to be free from such a painful spell ?
Let say, you bought a crypto xx, with $, then you expect/wish (actually every buyer expects) the price to go up, up and up until you sell it.... But most of the time this will not happen, rather the price falls and continue falling for some time... You watch the chart second by second, the price go one step up and two leaps down, as it continued like this your emotion take a play, you feel that this' asset is worthless/scam/.... and so on. Since you have been watching a chart by second/minute basis, you feel that long time has passed while the price is falling, so you think to take immediate action to avoid a further loss... you click a 'sell' button. The price continues going down as usual, therefore you feel ease and smart.
After few minutes, you realize that the whole world stands against you, a price start pumping.
Here are some counter actions that might help to break such an spell.
1. First thing first, you should aware that it's not only you who have been stabbed on the back. Essentially all trading participants have felt such heartaches often...
2. Learn to let it go: this is by far the most important skill you should develop if you want to continue trading with intact psycho-health. Once you decide to make a move (buy or sell), accept the consequence, what ever comes then after.
3. Your action/decision should be based on long/mid term trend.
4. Invest only what you can afford to loss.
5. Try to learn from your actions and the consequence.
6. Keep your psycho intact! "There is always tomorrow", another chance.
7. ....
