I dare not buy when the price drops, I cannot recognize when the price stops falling, and I dare not chase when the price rises. I expected Bitcoin to fall sharply after a correction, but what I waited for was indeed a general rise in the market.
XRP quadrupled in a month, TRX doubled in a day, and even EOS was resurrected, quietly rising 3 times in a month.
Some time ago, I firmly believed in SOL and Dogecoin, and those who chased them were confused. I finally cut my losses and changed my positions, but why did it stop moving when I bought, and it kept rising when I sold.
This is a typical "chasing the rise and killing the fall"
From a logical point of view, many people think, why would I do such a stupid thing?
I must have bought before the price went up, and sold after it went up
In fact, if you don’t understand the market, you can’t judge when it will fall and it will be safe to buy
After the price goes up, you can’t chase when the market ends, otherwise you will be doomed to be late to the game and chase the rise and kill the fall
It’s okay if the market doesn’t start, because there is not much difference between everyone, and the worst case scenario is that you will be stuck
Once the market starts, when you see that all the currencies are taking off, you will be like an ant on a hot pot
One situation is: chasing a quilt, and afraid of missing out, so you quickly cut your losses, and then chase the quilt again, and cut your losses again
The bull market was missed because of my own lack of ability and professionalism
Another situation is: chasing the rise and hot spots to make money, but I don’t have enough knowledge and ability to understand the market, so I will be very proud at this time, thinking that the market is just like this, you see, I don’t know anything, but I still make money, right?
At this point, you are not far from bad luck.
Mistaking luck for strength, and being full of confidence, you will mobilize all your resources and start trying faster contracts and leverage to make a lot of money. This is when retail investors lose a lot of money in every bull market.
