Quote from: Silberman on September 16, 2023, 08:06:36 PM

Quote from: Davidvictorson on September 07, 2023, 02:37:32 PM

I find it frustrating when my price prediction for the market fails. I know that it is difficult to predict the market movement due to its uncertainty and also that it is not possible to consistently predict the future accurately but it still hurts when I tell it to my friends and it doesn't turn out so. In January, I had predicted that by the third quarter of the year, bitcoin will hit $35k - $40k. I hide my head in shame because right now it is struggling at $25. Maybe I should stop quarterly prediction and stick with monthly predictions. Also how do you suggest I handle incorrect price predictions? Anybody been here. How do you handle it?

You are making one of the most basic mistakes a trader can make, which is to stick with your prediction to the point you feel bad when you fail to predict the market accurately, remember, what matters at the end is not how many predictions you got right or how close you were to predict the price perfectly, what matters is how much money you can make, and if you are making money out of this market then you should not care about a few mistaken predictions.