decisions based on your financial and psychological situation
AAAAAHHHHH, BUY the dip about to rocket, no no no SELL it's about to hit rock bottom! I don't know what to do! BUY, SELL, HODL? I suppose my psychological situation isn't great. I guess I'll stick to earning.
You summarized the event very well :) We need to deactivate our psychological state in trading. When we trade in stages, we will no longer have to guess the price level. And our psychology will start to improve :)