Fooled Again? How Seasonality Tricks Traders Every Time

This time seasonality has proved once again that every time someone says it's different, it is never different and we're always fooled by the market fakeouts.

We could have made a lot money if we just stick to the belief that seasonality will strike again but some people have to satisfy their ego and fade their own instincts.

Going bullish in a bearish month

This month started quite bullish after dump in first couple of days market did made good move until people were euphoric and started believing in altcoins season again

That was the turning point of the market when people had high hopes it went downhill from there.

I also thought this time is different and got fooled once again but what happened with me is because of being fed up of the way I'm living and I can't be like this for long so I gotta make trades and change my life around instead of sitting on hands.

That's how you make sure you'll loss all of it in trading cause market only rewards those who have patience and are disciplined but at this point I'm not patient nor disciplined so gotta leave it on the fate now.

Market plays with your mind

I have to admit there's nothing as much as cruel as trading in the market cause the way it plays with your mind all the time you cant even figure out where to begin with

This time it played with people by running up highs remember it's been just few days when bitcoin made all time highs at $124,000

And people started calling for $150k is next but it's just got rejected and people are trapped into those long positions once again.

No one wants to miss out

I was patient at beginning but when this thought of "I might miss out on the last innings of bull run" so I need to deploy my life savings

It had me trapped in the $PUMP position which is successfully breakeven first it went at $0.4

But later had this itch of going long at $0.37 so now it's below $0.29 and I might be liquidated anytime now.

And this only happened because I didn't want to miss the pump.

Last quarter seasonality should be in play

If things are going as the seasonality says than I think september is a must be cautious all the time and load the coin when market dips hard.

Only if we get a full blown last innings of bull run in q4, we'd be all thankful to this market but if it doesn't work for us that way

And seasonality fail us I guess it'll be time to pack it up and exit for once and all. Western man needs to pick a side, either be a bull or bear.. but not the boring market we've nowadays.

Though in the end I'd love to know what's your thoughts on this in the comments.

_fin.