What are some examples of when emotions mess up your trades?
During the pre-bull run in 2017, i had some quantity of Ethereum which i kept for over the prevision years; hope to trade when the market appreciate. In 2017 when i saw the market positive movement; haven seen the movement before on a swinging pendulum, i placed my trade at the price of $812 in Dec. 20-2017 and after some few months away the price hit $1,377, this was my emotional mess.
Lol, I sold mine when the price goes to $400 and then keep some, months later I dumped another set in December 2017 around $800 I think. If I just hold on it for a month (2018) I could have sold them in it's all time high. Anyways, now I just accumulated at lowers lows and hope one day that the price could go on another 4 digits or more. Really hard though, if we involved our emotions here.
Well we really can't determine where the peak of a bull run would be so i think you guys shouldn't be too hard on yourselves. Think about it, some people have been too greedy to make an exit that instead of making big profits, then end up at a loss. You're actually lucky you got to exit just around 500 usd shy of all time high. That's already a good deal.