At one time, you see the token you watch pumped already. You feel FOMO, and open huge position. Later, it was apparently the peak, and you lost all your money.
Another time, you feel FOMO, but you decide to wait. Unfortunately, the token price never go down to the entry point you want. Worse, it pumps further. You feel regret because you don't follow your feeling to go all in.
So what's the solution?
- If the token has strong fundamental, allocate small portion of your money to buy. Considering we are in early phase of bull market, the token you bought will go up eventually.
- If you don't know anything about the token, only use the money you're comfortable losing.
- Wait for your entry, but if you miss it, that's okay. There are countless opportunities, learn to accept that we cannot get all opportunities
The key is your risk and money management. Follow your own rules.