Dude, I'm also new to this world, I've invested little so far and I'm understanding how the market works. I'm hopeful about Doge and I'm going to put a little more into it.
Delmer Nitta xTxz
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I'm new here. I started with 260 reais deposited, and now I have ~360... a small profit, but I'm not too worried, because I'm just learning.
With the operations I've done and reading posts here, I've noticed a few things:
1 - Making small trades by catching small movements (selling high and buying low) can be profitable, but very difficult psychologically.
There were many times when I noticed that I was close to selling low and buying high, and at times I did so (apparently due to the euphoria of seeing assets appreciate or out of panic at seeing them fall).
My conclusion is: these are the people who make others rich.
That's why we have the impression that the market always goes up after we sell or goes down after we buy.
You just have to do the opposite of what your brain thinks.
2 - We are never satisfied. If we buy an asset, it goes up and we make a profit, but if it goes up even more, we are extremely frustrated for not having earned anything. Some people even say that they "lost" money, when in practice they actually made money. The pain of not having made more is felt in the same way as the pain of having a loss. We should avoid selling too early, but we should also be grateful for the gains, even if they were not that high.
3 - Reading news and posts can make us lose or gain hope in an asset. That is why I recommend always following it with caution. During the last market correction, many panicked.
I was at 61 dollars and went back to 55. I stopped following it and today when I looked it was back at 61.
I may not have taken advantage of the opportunity to sell at the peak and buy back at the bottom, but at least I did not make a loss and that is good. We never know when the rise will end and the fall will end. Sometimes staying calm psychologically is better than surfing small waves.
Am I wrong? I would like to learn more
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