i have tried trading and discovered that i loose my self whenever the market make huge moves . i sold quite early at any bull market and dump at any instant of the bear market. i find it difficult to control my emotions. since this year, i choose to move into farming, pools and it has been wonderful.
i choose lending and borrowing as my strategy.
farming also is part of it
i FARM ACROSS Bsc to matic and solana. it is a rotation for me. gains from bsc goes to matic. from matic to solana and from solana back to bsc.
what is your strategy please. i want to learn more.
indeed most people here fail because of lack of patience and emotion. I think all these emotions have a cause. Like my friend's experience, he trades without being able to relax or always worry because the money he uses is borrowed capital, and when the grace period has to pay the coins it doesn't go up, not as he expected. So for anyone who wants to trade, avoid borrowing money because if we are not good at managing it will backfire for ourselves.
The example you said happened because he was first greedy to borrow money in the hope that the market was good to buy and was afraid to miss the moment. the second is when they have bought assets, they are overconfident so they believe that it is easy to make a profit. but in the end, as you said, the market didn't immediately live up to their expectations, until in the end they started to worry and finally cut their losses because they couldn't control their emotions.