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RE: Here is my "Bearish Retest" moon theory for cryptocurrencies. (There's a twist in the tale, read on till the end! 😇 )

in LeoFinance5 years ago

some good charts and fundamentals here, I won't pretend to understand all of it (although I understand some), .. I totally agree on the information filtering we do based on whether we are long or short the market, it's just the way we operate I guess, but to be mindful of it at least keeps you on track when you stray too far in your prefered direction. totally agree with the going all-in and decision making skills, I have found exactly that in my earlier days, it's very hard to detach yourself emotionally of you have overstretched on a trade.. good post.

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Thanks a lot for appreciating :)
Since the time I started trading, I felt that most of the traders fail to make money because they cant control emotions. (It happened with me as well, I did lose a lot of times and I'll be honest here); but very few people learn from their mistakes.
Also, I agree, too much information about the market confuses people, and many people end up taking wrong decisions. Right now, I personally feel that "Buy Zone" has not yet come, but it will come soon, over the next few months.

Cutting out the noise, ignoring the FUD and FOMO mentalities will definitely help in the long run; if the risk is managed well :)