Good afternoon everyone! Today I would like to touch upon the issue of psychology in the market. The main thesis of the text that you will read - Sometimes
As we know, the cryptocurrency market is still very young, and there are a lot of newcomers to this market. So it is more likely than other markets to be influenced by the crowd. Speculations are here, speculations are there. Everyone screams in one voice - control emotions, have discipline. And it seems that everyone understands, but nobody does it. And from these small inefficiencies depends your success.
Do not try to catch the price at the very bottom
If you constantly try to catch the price at the lowest point, then most likely, you will miss a profitable deal. Especially if you do not perfect know the TA. The best time to buy is now. The market is growing, only gaining momentum, so there is no reason to seek the very same gold bottom, since the difference will be 5%, and the forces will be required for the search - an unlimited number.
Do not sell your assets to buy in their place those that are now growing in value
By the way it is tne of the most horrible feelings in the market . I've had it more than once. And now even sometimes it is tempted to do such stupid things. If you do this now, it does not mean that you are stupid or something. Simply, there are some emotions that you have not yet learned to work with, that's all. Knowing how everything happens, you can already track it and not do it.
Do not stare at the charts all day
Everything is obvious. Well, you can not move the graph with the power of your thought, no matter how much you look at it. But to lose money because of the emotions that arise from constantly checking the price - it's easy. Stick to the strategy and that's it.
Recommendations - I'm not perfect myself, I still get caught up in emotions. However, the use of this knowledge helps to do this much less often.