Quote from: riso2015 on August 12, 2021, 02:27:13 PM

Quote from: desmodiAN on May 15, 2021, 09:20:28 AM

many times while trading we let our goals down and get greedy or fearsome. the problem are the reason behind, mostly psychological reasons.
two scenarios

a. price went +20% up, we dont sell.
reasons
we dont need the money now
we anticipate more gains (greed, market sentiment)
we see others with more gains (greed, jealousy)
we dream of million (greed, new life vision)

b. price went -25% down, we sell.
reasons
we need the money now
we are fearing it will crash more (fear, market sentiment)
we doubt our initial decision to buy (judgement by single point of time)
we see others leaving the investment (fear, mass psychology, group)
we see other investment that are not -25% (fear)

thats why many books advice to trade in smaller steps. dont go with a gut feeling, set a goal and stick to it.

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?

This really reflects most of us . Sometimes we are not grateful for the benefits that already exist. It's the turn of the price to go down and even sell the coins for fear of falling deeper. very funny indeed.but this is the reality in the market..even sometimes i also do this.

Indeed. It really do reflect most of us, especially being greedy or being not contented of the profit you gain. Some reasons for bad trading is because of they don't have the proper knowledge. They want to start already to the top even they are new or didn't know a lot. Some of those are newbies, not just newbies but I think some of us, we tend to panic on selling our coins when we see prices started to fall. It was really funny that we let our emotions control us especially when we're really in need but that's the reality in the market. I suggest to just have patience and always search for you to be updated always.