The altcoin market is custom built to punish gamblers, and to reward tacticians
You see, the natural characteristics of the typical gambler is to be highly emotional, irrational, impatient and impulsive. An unskilled trader has these exact same traits
They hop into trades based on nothing other than a hunch or a feeling that something big is going to happen then, the longer they spend in that trade, they grow increasingly anxious/paranoid and panic begins to set in. Then, if this coin dips in value, they sell, without a second thought of course, weeks later, when this same coin is shooting up several hundred percent in value, they buy back in (at the top of the market), thus the coins price crashes, and they end up losing more money than they did the first time
Does this sound familiar? if so, then you have not been trading the altcoin market at all, you have merely been gambling
Ask any gambling addict would you rather receive $10,000 right now, or wait 365 days to receive $20,000 most gamblers will take the first option, completely disregarding the fact that they could make 100% more, simply by waiting 365 days. This behaviour is completely irrational, and we see this in the alt markets.
You see, the natural characteristics of the typical gambler is to be highly emotional, irrational, impatient and impulsive. An unskilled trader has these exact same traits
They hop into trades based on nothing other than a hunch or a feeling that something big is going to happen then, the longer they spend in that trade, they grow increasingly anxious/paranoid and panic begins to set in. Then, if this coin dips in value, they sell, without a second thought of course, weeks later, when this same coin is shooting up several hundred percent in value, they buy back in (at the top of the market), thus the coins price crashes, and they end up losing more money than they did the first time
Does this sound familiar? if so, then you have not been trading the altcoin market at all, you have merely been gambling
Ask any gambling addict would you rather receive $10,000 right now, or wait 365 days to receive $20,000 most gamblers will take the first option, completely disregarding the fact that they could make 100% more, simply by waiting 365 days. This behaviour is completely irrational, and we see this in the alt markets.
its all about respecting the market and respecting the trade
emotions are for females who like to get together, over a glass of hot coco, to discuss their "feelings"
only men succeed in this sport