Mehmet Gizik
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Market psychology
There is nothing as important as market psychology.
Those who cannot manage this psychology generally live in the moment. Neither past nor future price movements are important to them. They reset their own perspectives just like the percentage indicator that resets every day's closing.
For example, last week when we dropped to the $59,000 level, people were at their highest level of fear, but now the $59,000 level has brought excitement.
People do not take losses into consideration in this sector because they are trading with virtual money. Someone who lost 40% on the spot side three days ago almost plays dumb thinking that he gained 10% today. However, they see that the wallet is still at a minimum loss of 30%.
Those who cannot manage this psychology generally live in the moment. Neither past nor future price movements are important to them. They reset their own perspectives just like the percentage indicator that resets every day's closing.
For example, last week when we dropped to the $59,000 level, people were at their highest level of fear, but now the $59,000 level has brought excitement.
People do not take losses into consideration in this sector because they are trading with virtual money. Someone who lost 40% on the spot side three days ago almost plays dumb thinking that he gained 10% today. However, they see that the wallet is still at a minimum loss of 30%.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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