Re: Can you really 'Sell High and Buy Low' in this 2020 BITCOIN Bull Run?
Is it really possible to 'Sell High and Buy Low' in this bull run?
First I sold some at 19600 hoping it will pull back before crossing 20k and I will buy back at 'LOW'. It never pulled back.
Then I sold some again at $25k milestone, hoping that it will pull back which never did. I then sold some at $25800 hoping it will pull back before going further. And again it never pulled back. BITCOIN is just going ATH after ATH. BTC is setting new ATH every day, if not every hour
I stopped selling now 
It's not like I am complaining, far from it! I am enjoying every bit of it. But how can we really follow the mantra of 'Sell High Buy Low'
First I sold some at 19600 hoping it will pull back before crossing 20k and I will buy back at 'LOW'. It never pulled back.
Then I sold some again at $25k milestone, hoping that it will pull back which never did. I then sold some at $25800 hoping it will pull back before going further. And again it never pulled back. BITCOIN is just going ATH after ATH. BTC is setting new ATH every day, if not every hour
I stopped selling now It's not like I am complaining, far from it! I am enjoying every bit of it. But how can we really follow the mantra of 'Sell High Buy Low'
This is the reason why I think timing the market is completely futile.
It's hard enough to try to time peaks and troughs in a normal market, let alone in a time where market participants are all irrationally geared towards FOMOing.
And this actually screws up your mindset, believe it or not. Once you sell off your position and fail to get back in at a lower price, you may be tempted to re-enter your longs at an even higher price.
These are hallmarks for disaster and I would not recommend doing this. Buy low and sell high in the long run, yes. But short term markets are way too volatile for anyone to try to day/swing trade without rigorous quantitative analysis.