Quote from: erep on Today at 09:34:21 AM

Quote from: rhomelmabini on Today at 09:08:11 AM

You know how human can be that pathetic, I'm not saying that all are but most who do love speculating are. People are calling to go lower but when the time it's favorable for some to buy, they fret. People love to buy when they think it's favorable for the market but they seem to caught up in the FOMO phase and instead of selling the top they tend to buy during the top. When the price is in dismay, try to DCA.

Many traders get stuck in FOMO because they want the moment before a bullish market indicates (own opinion), but when things go against speculation they are not prepared to accept losses and cut losses based on negative speculation otherwise the market will drop drastically for higher losses. Of course, without DCA we don't have patience in managing crypto assets because market fluctuations will be prone to moving at unpredictable prices.

It is usually those kinds of fomo traders who burn through their entire holdings by flip flopping back and forth...

Either they buy and sell at the wrong times and panic whenever they see a reversal and lose money like that way or worse, they trade back and forth and burn through all their money from the trading fees. People usually underestimate trading fees. But when you trade 10x a day, those fees add up to quite a few percent.

Either way, the only real way to trade is not to trade. Just hodl and you won't have to be looking at the charts every 10 seconds.