Topic: Understanding how the market tricks you and how to prepare against such tricks. - page 3. (Read 515 times)

For everyone who has spent something in the market, you'll realize this situation I'm about to describe below to be 100% accurate. The market always has some tricks to throw at you, that's why we're advice to understand the market very well before wanting to earn from it or you'll lose. Have you notice whenever you're in profit, there isn't always a need of money that very moment which then make you think of exciding your initial target, in other words you become greedy and want to make more profit.

Now the story is different when you're in loss as that's the very moment you'll be in need of urgent cash, which will make you likely want to sell your coins off in panic to avoid further loss or use the cash for something else. This is usually the market tricking you. Assuming there was no active trade, there's every possiblity you'll find that money to solve that problem from somewhere else but no the market will mess with your mind to make you think selling is the only solution to this problem.

You can avoid been in such situations by simply listening to the advice giving of not investing money that might be needed urgently and secondly always securing profit to help in situations like this incase they araise when you're in that tight spot (having a bad trade). Take notes of this advice and you'll be one step ahead of the market.