Post
Topic
Board Speculation
Re: How do you suggest I handle incorrect price predictions?
by
arwin100
on 20/09/2023, 13:30:45 UTC
There are right predictions but those predictors are mostly lucky. There is no way they can predict accurately at all times, so the OP shouldn't feel bad. As long as he keeps on predicting and maybe predict a little smarter like include analysis with it, he could also get it correctly. That's right, that we should not take predicting seriously so that it won't gives us a stress. Prediction were in fact invented to entertained us. We can see the volatility of the market by looking at the charts.

Speaking of volatility, it's also the reason on why predicting is so hard. We can't put everything in our hands but we can have a chance if we are like the whales. So right now, the only thing that we can do is to embrace it. It was not a disadvantage anyway but rather an advantage.
Predicting is something that we could barely do for ourselves let alone do it for others as well, I understand the need to feel awesome when you help others to make profit as well but the feeling of helping others make profit as well is a lot less than the fear of making others lose money.

This is why it would be smarter if you could avoid that and just focus on yourself, it would make a lot of sense to do something like that and would be a lot more profitable as well. Even if you end up losing, there is nobody that you have to respond to, nobody could say a thing about it because it is your own money and you can do whatever you want with it, all of the responsibility is yours and you face the consequences of your own actions.
Maybe there are only a few people who predict correctly but I think this could just happen due to luck alone, very few people make predictions exactly as they say, if there are people who make predictions just want to look cool to other people I think there are It's better if those who see these predictions don't follow them because they don't do it based on what they understand well and this will be detrimental to other people. It's better to focus on what we already understand and continue to learn if there is something we don't really understand well. If we do it with something we already understand, of course this will be more satisfying when we make a profit and when we experience a loss. it will be easier to fix it because of the mistakes we make ourselves.

Maybe some outcome has been predicted but not always since no guarantee at all that the insights we get is accurate so there are times that we are lucky and our predictions got hit but still we must be aware that turn of events came and unexpected scenarios will happen. Although market is unpredictable we should do more research about so that atleast we can understand how the market moves in different direction so that we might get a high chance to gain especially when same scenario upon trading comes.