đŤ Donât Go Against the Trend â A âPriceyâ Lesson in Crypto
The market can make you feel âspecial,â thinking that you see things that the majority donât. But the truth is that going against the trend doesnât make you smarter, it just thins your wallet faster.
Why you shouldnât go against the trend?
1ď¸âŁ The trend is your friend, not your enemy
When the market is bull, stubbornly holding on to short positions is like rowing upstream in a storm. Youâll run out of steam before the market turns.
2ď¸âŁ The market is always right, your ego is not
Donât let the âprice will definitely turnâ mindset make you fall prey to sharp increases and decreases. Sometimes your logic is right, but your timing is wrongâand the market never waits for you.
3ď¸âŁ Catching a falling knife or catching a late trend is dangerous
Trying to âcatch the top or bottomâ just to prove that you are a talented trader can cause you to lose opportunities and capital.
Advice:
⢠Going with the market trend, even though it is sometimes âlateâ, is still better than trying to guess the bottom or top to stand out.
If the market trend is unclear, stay out and observe instead of trying to profit from the chaos.
Remember: Just one correct order following the trend, you can make up for many wrong orders. Donât fight the flow, know how to surf at the right time!
#GoWithTheTrend #CryptoWisdom #RiskManagement $BTC