I am one of those who thinks that being in this world is not for the impatient, who seek quick profits, because I consider that, just as fast comes, fast goes. Also, impatience makes you make bad decisions, due to fear of losing. I understand that one can get scared, when he sees an asset that goes down a lot and feel that fear, which is part of us. Because fear will always be there, we make a difference when we can control it. Of course each one, over time, observes how it best serves them and which way of trading is the best. Personally, for a few months here, I have been doing long-term trading, because I think that deep down, it is much more productive than stressing every day, watching our investments rise and fall.
So, you get to a point where you stop sleeping or sleep little, due to the anxiety that you can lose a lot. I think that the necessary patience should be applied to avoid giving your coins cheaper, because you see that they are going underground. It is there, where it is defined, who has greater mental capacity, to understand the situations and put the whole panorama in context. Because without a doubt, the markets are often psychological, there is always the one who despairs and sells, as well as this one, the one who waits for the first mentioned to sell. Therein lies the difference between one trader and another.
For example, knowing that Bitcoin is very volatile, both its upward movements and its corrections can become quite abrupt. People get impatient and start buying or selling like crazy depending on the case. Without lying to them months ago, I also fell many times, in that game of selling or buying a coin, somehow letting me win because of my fears. Now, I think that I am not so impatient, nor do I make decisions lightly, nor do I let myself be carried away by the corrections that alarm many, because I already see it as something normal and natural. It would be bad, if I went up all the time without making their respective corrections.
While many turn on the alarms and sell as if there were no other day, I am calmly waiting and analyzing all the information necessary to make a decision, if it is obviously necessary. That is, I do not get too carried away by the opinions of some who want you to sell, to take advantage of your mental weakness. Because those are what they end up winning, because you gave him cheap coins.
It is essential to understand this concept, because if we want to belong to this world, we cannot be weak-handed, missing an opportunity that, in the long run, would have given you a greater benefit. In itself, we cannot let ourselves be carried away by daily fluctuations, but rather think about the potential of that currency, in the coming months and see how much it can rise approximately, as well as take advantage of moments to enter the best possible position that allows you to maximize your Profits.
That is why I believe that the psychological aspect is important for this world of investments, take your time, to analyze well what is convenient for you, do not get carried away by the moments, think beyond that.
You think psychology is essential in trading?
