Why did I see the market correctly but fail to make money?
When the breakthrough bullish candle for ETH appeared at three o'clock on the afternoon of the 22nd, I knew the rebound market was confirmed.
But while the overall market turned bullish, I clearly had a positive view of the market, yet what was I doing? I was stubbornly fighting with fartcoin!
There were too many coins at the bottom, and their trends were all similar, which caused me to suffer from choice paralysis.
I didn't know which coin would rise and which would not. If I spread my investments too thin, the feeling of holding a bunch of coins made me uncomfortable, so I foolishly bought the already trending fartcoin!
I completely ignored those altcoins that were lying at the bottom and had huge potential for growth.
Moreover, during the process, I was repeatedly stopped out and stubbornly continued to fight on, not only losing money but also missing out on market opportunities!
I completely overlooked that since it was a bottom rebound market, I should be investing in coins that are rebounding from the bottom according to market trends, rather than trying to be clever to avoid the fear of choosing!
Whatever the market is doing, that’s what coins you should invest in. I need to remember this phrase.