Trading Psychology: When to Accept That That Train Has Already Left
Suddenly, a chart shows that a coin you were thinking of investing in has shot up. Two green elephant candles confirm it and you have the illusion that they are going to the moon. A new candle is forming and it is also green. Your instinct screams that it's better to hop on that train right now! You rush to buy before the price goes up more and every penny seems precious... But, as soon as you buy, putting all your hopes in that sublime moment when you joined the train of the big green candles, the price starts to drop, the candle turns red, and you start to see how the illusion of profit fades away. What was the mistake?
Do not buy when it is rising. Instead, buy when it is falling and wait for it to rise again. Nothing rises eternally.
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Brice Alonge tSN0
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I have been tracking Solana for over 1 hour, even longer when I see it rising, and every time I buy, it stops, and not only that, it starts to drop, and it is always like this. My question is whether it is sufficient reason to suspect that exchanges put custom spyware on each user to take their money ????😱
It is better to buy on the pullbacks. Every impulse is followed by a pullback. It is not during the rise, unless it is just beginning, where one should buy.
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Brice Alonge tSN0
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It's incredible I'm following the graph for half an hour and I noticed a rise now I just bought and it has stopped rising is this a joke I'm sure it will drop because that always happens?
yes...I experienced it with #Hamster (months later it doesn't reach the initial price at which I bought it) and recently with #VELODROME . I believe we should let them run for a while before investing.
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MISTERCRAKC
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#PENGU STARTED AT 1,500% and now is going for less than 1,200%, all of this from the beginnings of the coins is a stupidity, anyone who invests money is going to lose because it already starts with a very high value!