When you have been watching the bitcoin price for years, you develop a feel about it, and you start feeling exactly when people are overreacting about selling, or FOMOing creating a massive bull run.
Most people sell too early, and most people miss the dip, this is the overall conclusion I've taken. Once it starts falling, people think it's the end of the world and assume we are going for 80%+ correction each time they see red candles happening in a couple of days.
Topic: The Psychology of Trading and Buy/Sell Signals (Read 120 times)
“There is only one side of the market and it is not the bull side or the bear side, but the right side.” — Jesse Livermore
The only way to profit from stock/currency, even if the value of that stock/currency is really high, it is by buying and selling at the right time. Every trader has a different motivation of buying or selling. One of the most logical reason to buy a stock/currency is because you think that will help you make money. On the other hand there are plenty of reasons why you sell a stock/currency. It can be because you need cash, you think that the price of that particular stock/currency will go down, you want to invest in something better, some news you heard about etc. Everyone who takes part in the market has one single motivation: to make money, whether that is a big investor, an experienced trader, a day trader, growth investor, trend followers, it’s simple, they want to make money.
https://aix.trade/2017/12/26/the-psychology-of-trading-and-buy-sell-signals/
The only way to profit from stock/currency, even if the value of that stock/currency is really high, it is by buying and selling at the right time. Every trader has a different motivation of buying or selling. One of the most logical reason to buy a stock/currency is because you think that will help you make money. On the other hand there are plenty of reasons why you sell a stock/currency. It can be because you need cash, you think that the price of that particular stock/currency will go down, you want to invest in something better, some news you heard about etc. Everyone who takes part in the market has one single motivation: to make money, whether that is a big investor, an experienced trader, a day trader, growth investor, trend followers, it’s simple, they want to make money.
https://aix.trade/2017/12/26/the-psychology-of-trading-and-buy-sell-signals/
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