Unfortunately when I started trading crypto I made some very amateurish mistake, which I learnt from, but mistakes none the less. The biggest one was not waiting for a dip in price and I caught the FOMO bug. Thats the one thing you do not want to do, wait for the right moment and you can make plenty of money.
The best way towards profits is as the title stated "Buy when market is Red". I think everyone can come to an understanding and those are the basics we're taught in investment which is to buy low and selling high. But when it comes to the real moment when FUD comes in and watching a sea of red in the market, prices crashing down so fast and watching your hard-earned money falling to an all time low. Will each individual have the courage to buy in more when the market is bearish? At what point should I be buying or we always will ask how low can it go before we buy?
There will be many doubts and questions running in the mind and many other factors that prevents one to buy on a red market. Psychologically it proves a lot of courage and sticking to the right mindset to be making the right decisions when doing trading and that is where many people lost to it. Selling off at a lost or not buying when the market is bearish. And then when the time comes back being bullish then people regret not buying or selling at a significant lost.
Personally I feel it takes experience to become better at being a trader and consistently making the right decision. It is also wise to be greedy when people are in fear and fear when people are being all greedy. Good luck all!
