🔥There is an action and a way of thinking that causes us to catch falling knives…which still exists with both myself and many people here who have yet to stop…that is catching falling knives.

- Have people ever thought "this coin has dropped by half from its peak, now there's no way it won't recover at least half or just 20% is already good" and so they rush in to catch the falling knife.

- Or a stock…in a long-term uptrend. This year suddenly it drops back to the same period last year, thinking there’s no way it won’t go up again. So they rush in to buy and DCA continuously, DCA long-term.

- Closer and more bitter is opening with a Margin - Futures position with high leverage. Whenever the market is consolidating and suddenly it rises or falls sharply, they rush in to catch the falling knife. During the phase when it distributes trends, I jump in. Suddenly, the Futures scalp position takes months to break even.

- How many cases like a coin that has dropped by a third, back to listing prices, or back to the prices of funds entering, or being shilled…enough types of reasons for us to jump in and chase the peak.

This is a situation that I am also experiencing and many others are exactly the same. This behavior is called…"ILLUSION OF STRENGTH" because they think the price is too cheap to buy. Going against the trend, not defining expectations and no stop losses.

Isn't that right….everyone 🌚 Just a little reminder during this sluggish market :)))