We all make winning and loosing trades but we tend to ignore our losses and we celebrate when our trades are profitable.
We are not good or bad traders because we’re able to predict the future by using . We all make winning and losing trades just because of probability. Some of the traders out there can really use and get a good percentage of the market future directions but they’re just a few. The rest of us must use other strategies to be a winner.
The most important thing in trades, in every market, is to understand the basic Psychology behind the price movements.
I can follow a bull trend if I believe that everybody else or the majority will do the same. I start to sell when I see that the majority does the same. We follow the Mass.
The point is “Who starts a Bull/Bear Market?” We do. The bigger is your share of the market the more successful you can be.
The reasons behind that are multiple and sometimes difficult to understand.
The Crypto Market isn’t different. All the traders, big or small act because of the same reasons that drive any other market.
The peculiarity of the Crypto Market is just that the kind of fundamental that is represented by the tokens/coins, is a technology, a new technology that will change completely the way we exchange goods and services in our economies.
Knowing that most of us Hold the coins/tokens because we believe that the idea/project/white paper behind the token/coin will probably represent the standard in the near future.
Now, how about BTC and Altcoins?
BTC is the God in this market or at least we were used to believe so.
This means that if the price of BTC would rise, the prices of the other/major Altcoins would have probably risen. This used to happen just because people believed that if BTC rose all of us would have thought the same (bull market is on, so we can buy at any price now because all the rest of us will do the same).
…but something has already changed..
Today we observe different price movements of the major and some minors Altcoins just because people started to see that this is possible and so, even though BTC price moves sideways and almost flat a price rise in other coins is possible.
What is the problem?
Lots of people hold the coins to wait for a big price rise. The traded is too little to ignite a bull run. Only BTC has, at the moment, the very big share of the market capable to ignite a huge Bull Run.
What shall we do?
WHEN BTC PRICE MOVEMENTS MAKE YOU BORED LOOK AT SOME OTHER COINS FOR SHORT TERM OPPORTUNITIES. YOU WON’T BE DISAPPOINTED. JUST FOR THE SHORT TERM…
TEZOS, XRP, STELLAR , LINK, CARDANO, COSMOS, BAT ARE SOME OF MY FAVORITE.
This is not an investment advice. Do not trade according to this article.
Be good and enjoy your life regardless of what BTC price will do.
Published at Sun, 10 Nov 2019 10:22:08 +0000