#MarketRebound
It's very nice when the market turns upward, especially for those who trade on the spot and HODL supporters. It's nice to see a green market, but not for everyone. Short sellers are probably not thrilled; unfortunately, it's impossible to please everyone, and the market is structured in such a way that some earn while others lose (liquidity flows from one pocket to another) 🤷
It's important to exit trades and sell your assets in a timely manner, BUT don't be upset if you sold too early or too late 😉
Psychology in this case can work against you, and this is how the 2 most common scenarios work:
1. Chasing losses - seeing the rising price, you might buy in at a high price, and the market turns, leading to losses. Or you might open a futures trade hoping to make up for what you missed. If you open at high points, this can lead to losses. This doesn't happen every time, but quite often.
2. Regretting missed opportunities, replaying it in your head, and getting stuck. This can lead to mistakes.
In both cases, it's essential to learn to let go of the situation. This is very important for every trader.