the biggest impacts to our psychology? maybe the media, the news, the rumors.
we read something and anticipate that it will move 'others' and so we act on our own.
we do it, but we have no idea what it should mean. what should a musk tweet mean to a price? 3%? 10%? what should india banning crypto mean?
One of the reasons traders make mistakes is to follow the media or news, professional traders never trade based on news, they trade based on charts and news is just a trigger to see market sentiment,
This mistake is often made by beginners, because beginners do not have knowledge of trading, so they trade based on the news that appeared at that time.
Whatever the reason, trading using news or media analysis alone is not the right way.