It's interesting: when the price goes up, nobody wants to sell because they think the price will keep going up. They also don't want to buy because it seems "too expensive."
But as soon as the price dips a few percentage points, people can't wait to sell. And they don't want to buy because they see the dip as a sign of weakness.
When in fact, if people did the opposite of their gut reaction, they'd end up making more money!
It's interesting: when the price goes up, nobody wants to sell because they think the price will keep going up. They also don't want to buy because it seems "too expensive."
But as soon as the price dips a few percentage points, people can't wait to sell. And they don't want to buy because they see the dip as a sign of weakness.
When in fact, if people did the opposite of their gut reaction, they'd end up making more money!
I know this all too well...