I lived just the opposite of this. In my country forex is quite famous and there are people who live in front of the exchanges who buy and sell every single day multiple times trying to profit as much as possible from the spread so forex was like a national sport for us before it even existed and then forex happened and all of those people went back to their homes opened an account and started doing it at home.
I was one of those people and I did made a decent return time to time but mostly I was breaking even because the money I was profiting big was usually cover all the small loses I did everyday. When I switched to crypto that experience helped me a lot because I was quick and I sensed bad things coming from a mile away and was lucky to get out at the right time, I am not a smart guy who profits a lot but I am smart enough to not lose a lot.
That sounds touching, and I have learnt one thing from these sentences, I have learnt that we should learn to be smart not to lose and also be smart when taking profit, which is more like you advising us not to be greedy, which I see as lots of issue with most investors and traders.
It is not that they also do not sense the danger when they see one, but because they probably like to dare or take risk, and because they are greedy, they don’t exit a trade when they are supposed to.
These few period that bitcoin has gone high and low severally, there are people that has had opportunity when they see a little increase, I mean traders here, but they don’t take, knowing fully well that there is always a correction, but out of emotion, they keep pushing it, hoping they will get a value hire than what they had seen, but in the end, they end up missing that chance when market suddenly turn dip.
