OP 24 January, 2024 - 10:39 AM
(This post was last modified: 24 January, 2024 - 10:40 AM by Manurinos.)
Everyone who starts trading cryptocurrency, at a certain time goes through several stages: excitement, euphoria, shock, hope, panic, disappointment and acceptance, and the emotions are often massive.
And after a newcomer completely goes through the market cycle, he becomes a trader with experience that will help him not to make past mistakes.
Emotional background is very predictably superimposed on the market phases, the phases in their turn add up to a cycle, and then everything repeats. Emotional background can and should be used as a secondary indicator of market phases.
There is no way that you are trading for a long time and do not go through market cycles. Only after you experience all this on real experience, lose most of the invested money in the best case, in the worst case get the liquidation of the entire deposit, the process of becoming a trader will begin.
After this experience, if you stay in the market, your emotional resistance will reach a new level and when making decisions you will not rely on emotions, but on fundamental/technical analysis and other factors. You will also have a completely different attitude to risk management.
This is a bump
And after a newcomer completely goes through the market cycle, he becomes a trader with experience that will help him not to make past mistakes.
Emotional background is very predictably superimposed on the market phases, the phases in their turn add up to a cycle, and then everything repeats. Emotional background can and should be used as a secondary indicator of market phases.
There is no way that you are trading for a long time and do not go through market cycles. Only after you experience all this on real experience, lose most of the invested money in the best case, in the worst case get the liquidation of the entire deposit, the process of becoming a trader will begin.
After this experience, if you stay in the market, your emotional resistance will reach a new level and when making decisions you will not rely on emotions, but on fundamental/technical analysis and other factors. You will also have a completely different attitude to risk management.
This is a bump