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Trader Psychology
$BOB Trading psychology: when to accept that the train has already left $BTC $ETH
Suddenly, a chart shows that a coin you were thinking of investing in has skyrocketed. Two big green candles confirm this and there is the illusion that they are going to the clouds. One more candle is forming and it is also green. The instinct screams that it’s better to get on that train now! You rush to buy before the price goes up even more and every cent seems precious...
But, as soon as you buy, depositing all your hopes in that sublime moment of having entered the club of the big green candles, the price starts to fall, the candle turns red and you begin to see how the dream of winning fades away. What was the mistake?
Suddenly, a chart shows that a coin you were thinking of investing in has skyrocketed. Two big green candles confirm this and there is the illusion that they are going to the clouds. One more candle is forming and it is also green. The instinct screams that it’s better to get on that train now! You rush to buy before the price goes up even more and every cent seems precious...
But, as soon as you buy, depositing all your hopes in that sublime moment of having entered the club of the big green candles, the price starts to fall, the candle turns red and you begin to see how the dream of winning fades away. What was the mistake?
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