💻Why do many people always step on the same rake??? 😼
1️⃣. Greed, lack of knowledge and patience. They just want "easy money". We do not intend to wait for the "market to give". Everyone wants a lot in the moment. As a rule, they are always super poor (crazy. displays of who a person is in real life)
The market doesn't give, in essence the market wasn't designed to give but we're to take from it based on the established strategy we put forward given our matching knowledge and experience. If you wait for the market to give to you, you will end up waiting for eternity I guess.
2️⃣"This time will be different than yesterday" (guided by the desire of what you want, not what is happening in the market).
3️⃣Manipulations in the accumulation/distribution zones with the help of crypto media, public opinion (those who should always lose), expert opinion - in other words, the lack of their own understanding.
4️⃣ "fortune-telling on daisies up / down" instead of a clear work plan. There is no trading strategy (that is, the basis with which the market character was going to make money).
5️⃣The use of an exchange instrument that was invented to take money 100% (it's only a matter of time when this will happen and with which "market is to blame") - futures. Violation of elementary concepts of risk management, and in some characters (mapping who is in reality) generally adequate logic of a mentally healthy person.
6️⃣ Margin (a risky instrument only in the hands of #Stupid money, but very greedy).
👏The list goes on, but these are the main points. Think about it. I'm sure you thought you were completely different, but absolutely everyone thinks so))))🧘
Our experiences with cryptocurrency are very much different, there are those that learnt from the mistake of others, some was a personal experience which could be very painful but very a few persons were so lucky to have a good start.
If we are able to minimize our greed and give room for patience by analytical conducting research on whatever project before investing and not in greed rush into eventual loss