$USUAL
A few days ago, when Usual adjusted to 0.9, many people were scared and cut losses, taking small profits. I posted an article about investment psychology; everyone wants to x5-x10, but when facing minor losses and the market adjusts, they panic. Remember that in a bull market, there will always be many adjustments of 10-20-30%, even 50%. If you can't withstand those adjustments, don't think about achieving x5-x10. Remember, even BTC has adjustments of 20-30%!
Many people just throw money recklessly into a coin, not knowing who created it, what its purpose is, and without researching the project in detail, leading to the psychology of holding losses and weak profits. They buy anything that is green; if their coin is red tomorrow while another is green, they jump around chaotically! Trading like that only creates liquidity, my friends!
Buying coins must have a strategy: Hold is Hold, Trade is Trade. If you see a potential project, when the price drops, that's the time to buy more (DCA) if you still have money; if you run out of money, just sit still and turn off the app. When the price rises and you reach your profit target, that's when you should take profits, not when it’s green and you FOMO in. After a few hours, when it adjusts back, you end up cursing the exchange and calling the coin trash. Think about why, when buying the same coin, someone else makes a profit while you incur losses!
As for this Usual coin, I wish you all steady hands. Perhaps not many of you are still following it from the Pre-Market days like me. I believe those who are still here will reap the deserved rewards.
Finally, I wish everyone finds a suitable investment method and good luck!
Thank you for reading the article!