How are you feeling? Are you experiencing burnout? I think so.
Any small drop shatters expectations and hopes. The desire to exit the market with anything prevails. Why do I think this? Because I can feel how this market is weighing down on me. But if this market is weighing down on me, someone who has been around, what can we say about a random investor, or those who have never heard of the psychology of market cycles? It's terrible. Turn off the lights, throw a grenade.🙃
I'm saying this because of the post I shared above about sentiment, where everyone is talking about the alt season, and that it is in an active phase (oh God, those words made me facepalm 🤦). So, they are fueling the idea that the Alt Season is in full swing, but then they make a correction, and all the local euphoria goes down the drain, yes, exactly there.
Now a logical question: Will a major player warn retail that the euphoria is at its peak and it’s time to think about exiting the market?
To understand the news hype, just imagine that you are a large fund or investor. Would you engage in such activities out of good intentions? Or would you maximize the use of media and social networks to spread misinformation, in order to take assets out of retail's hands.
Ask yourself these questions.