Greed - Fear - Hope - Naivety
=> These are indeed our hidden enemies in the investment process.
When the market corrects and turns all red, fear kicks in, prompting panic selling. But when you decide to buy, the market keeps dropping, risking long-term capital burial... => afraid to catch the dip
As the market begins to recover and turn green again, that's when FOMO kicks in. If lucky, you might make some gains, but if unlucky, blinded by endless greed, you'll end up chasing the peak, falling into naivety.
However, everything can be controlled if we have a panoramic view of the market and clear timing, plan, and targets.
The more detailed, the better. How much capital this season, what proportion to hold in the portfolio? How much percentage to allocate for trading, when to exit the target coin...
With such preparation, you won't panic when the coin runs because of lack of readiness or make wrong decisions. Even if the coin runs, with the right timing and long-term vision, you can comfortably hold.
Fundamentally, the current time has indeed begun an uptrend for a while. The market structure keeps rising, forming higher highs and higher lows, but the big wave is still far away.
Because 2024 is just the beginning, the bubble is in 2025, and that's when we need the timing to cash out and rest in 2026 to prepare for the new season.
During this period, coins with narratives and catalyst pumps run first, the rest follow. If a coin hasn't been pumped yet, don't be disappointed.
Just hold on, be patient, and you'll reap the rewards. When everyone in the showbiz starts shilling new coins, then worry, but for now, it's not the stage where any coin you buy will skyrocket overnight... so what's there to fear.