When the market became vibrant again, everything suddenly became very fast. Odds are constantly surrounding you, it is likely that you will be turned around like a pinwheel and feel left behind. Even experienced people can easily doubt their own intelligence.
Because human resources are limited, no one can research the entire market. At such times, it is easy to be manipulated by greed and lead to mistakes.
Below is a small tip to help newbies control their greed. I won't mention capital management in this thread because that's for sure, trade fast ships with bags for fast ships.
Similar to when you are hungry or sleepy, the best treatment is to eat or go to sleep. It's the same with greed, you have to feed it to control it.
When I see the signal of a good bet, I feel very fomo. If I don't get on, the train will run far away. But what often happens is that after boarding the train, the price drops again.
So let's feed greed a little by throwing a "slipper" on board first.
For example, if you want to downgrade $10 for that bet, then buy $2 in advance, you will no longer have the mentality of missing the boat. Then there's more time to read about the project and see what it does to decide whether to board the remaining $8.
Maybe the train will run away and not come back to pick you up, but that's okay, you can still enjoy the feeling of victory with a thrown sandal.
So what happens when you get off the train? The price has already reached the target and greed arises again. If you close it all the time, you will only get x3, for example, but if you keep it, it has a possibility of x10. If you close it, it will be a shame.
This thinking is quite common but is wrong, people are always more afraid of losing what they don't have than keeping what they have.
Thinking in the opposite direction, instead of worrying about losing the x10 bet, something you are unlikely to get, think that closing now will win the x3 bet, having capital to continue rotating or making up for the long-term bet.
Second, continue to apply the "slipper" tip to satisfy greed, but this time remember to step off the train leaving only the slipper. If you ship x10, you can still enjoy the feeling of winning, but if you don't then that's okay, you'll still make a profit.
This "slipper" tip and psychological trick of "keeping what you have" is quite simple but very effective in real combat. Hope it helps you during times when the market moves quickly. And finally, don't forget capital management, holding long-term is the most sustainable path 🫡
