One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?
It is easy to solve this, you need an exit strategy, an entry strategy basically looks for signs to try to tell the optimum place to enter the market and an exit strategy does the opposite, once you have entered a position in the market it tells you when to get out of your position, the problem for most traders is that they spend months or even years to try to find the best entry strategy but they never bother to learn how to exit their positions, if you can do that then your chances of becoming a profitable trader will improve significantly compared to other traders.