I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.
That’s what we have referred to as FOMO on this space, you can’t simply just take that out from people, people are more inclined into a thing only when they see it doing well, most of these people are short term traders. They buy bitcoin immediately they see it starts moving and with the hope of the Market pumping more and they sell but sometimes the Market takes some turns and usually just dump and they run into loss. Not that they don’t make profit and but it is the most risky trading and mostly runs into loss.
The best form of trading is long term holding of your coin, this strategy allows you to actually buy at any moment in the market because it is certain you’re not selling in years to come, but as a short term trader it is usually buying the fear and selling the greed but the problem which price is the top and which is the bottom. That’s why there is just two strategies for Maximum profit and it is DCA and long term holding