Time is the most precious thing in life, it's more precious than anything from diamond gold to Bitcoin or ETH. In terms of psychological analysis today, I would like to give a perspective on time in trade and its effects.
Psychological impact of time in trade
Sensation by the effects of time
The psychological effect of time in trade
First of all, it's a little romantic for relaxation, time is not fast,also not slow, it is inherently the same as before. Time exists before man, before the earth, and before the universe. Time brings a lot of things, time to make new butterflies fly, make roses know the time and then make people evolve and then die for love. Time passes quickly or slowly due to your emotions at that time. Time brings trader success, but time itself will also kill trades lacking the bravery.
Sensation by the effects of time
People generally love easy to hate, easy to remember and easy to forget. This psychology is extremely popular in trade coin.
Usually up trend or down trend usually lasts more than a month, in the up trend period, the price increases continuously, every drop is just a holiday, adjusted before the next.
Conversely, in the down trend, the price falls for many consecutive days, where each break is merely a recovery and preparation for the next drop.
For a long time, there will be an extremely large number of trader's who think like this:
For example, LTC increased from $ 34 to $ 93 between July 16 and September 1 (45 days). So inexperienced traders are drunk in the yen of victory (due to the up trend, making money from coin is easy) will quickly see the $ 93 is still cheap, up further although it has increased nearly 3 times. (Rapacity). By the end of the trend and falling prices, they would get $ 80 buy-side or when prices continue to fall, these traders think the same: $ 70 is very cheap then, buy. At $ 50 there are still many people who continue to think so, but the truth is that LTC has returned to the $ 33 level on $ 15/09.
Here are some bonus about trading methods which are calculated over time, is also closely related to the article. So I would like to point out the advantages and disadvantages:
Trade short wave, the day a few times: In fact there are several days of great fluctuations, this form of profit very quickly and safely. However, there will be stages, this form becomes extremely dangerous and just do not know how to cut holes that you have swam high peaks after a few short rounds. Not to mention the fee for the floor will be terrible.
Short term trading: In a few days when the trend is identified, buy, take profit at high points in that period before repeating again. This method yields higher returns and reduces the amount of fees for the floor.
Intermediate trade: Hold coin from up trend to end of trend up then sell out. This method is usually highly profitable and simple.
Long-term Holder
Buy coin and leave it, everytime you buy it.
In theory, the trader in order from 1 to 4 will be the person who earns the most profit (1 most, 4 least). But in fact, you never really get all the tricks, so the usual profit order is the following for qualified and experienced people: 2 -> 3 -> 4 -> 1. Hoder is not always Get the best, simply buy ETH from $ 250, it goes in one round to $ 400 and then back to $ 200, then rise again and most likely next time you see it at $ 250.
Tips for you: Choose Option 3. It's a simple solution with great profitability. Please take a moment to send you the statistics for keeping within 45 days:
BTC: $ 1k8 -> $ 5k: X2.7
ETC: $ 11 -> $ 24: X2.1
LTC: $ 33 -> $ 93: X2.8
ETH: $ 135 -> $ 395: X2.9
XMR: $ 35 -> $ 156: X4.4
If you have the skill to earn more than that, apply method 2. If you are inexperienced, method 3 will not only bring you big money but it will also make you more relaxed. I do not suggest methods 1 and 4, if you want to split a little capital for both methods.
BE A SMART TRADER !
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