Quote from: ivankoh on September 23, 2024, 04:28:59 PM

Quote from: hugeblack on September 09, 2024, 03:24:46 AM

One of the biggest mistakes in a bull market is to control emotions. Some people make a logical analysis that they will sell at a certain level, and when they reach that level, they find that all the news in the market is positive and that Bitcoin can reach $150,000 or even $200,000. Then, instead of just making a profit, they wait for those levels until the price correction begins.

Yes, i agree, There are things we perceive wrong or make wrong decisions, but the important thing is whether we admit it or not. At some point, there is only right or wrong. Not everyone is lucky enough to do the right thing at the right time. When you realize your mistakes, you will learn from them and avoid repeating them. When deciding to sell, greed will blind you. The opportunity is the one to seize.

Indeed, greed is our biggest enemy. Those who ignore their set targets only out of greed tend to bear losses eventually. Trading is all about patience and control. There will be a lot of occasions where you will think that holding will yield you more profits, but that isn't always correct. I know sometimes it's true that the longer you hold, the more profits you can get, such as in Bitcoin, long-term holders tend to get more profits, but that doesn't apply to every cryptocurrency in the market.

When we talk about altcoins, we should use the opportunities that we get and exit the market before it's too late because you never know when the price of an altcoin starts going in the opposite direction of where it was going earlier, and suddenly, you will see your profits turning into losses, and before you get the time to act, you will see the opportunity going out of your hands.