Market timing (con)
Hello everyone,
Today I will be talking about market timing, I have already talked about market timing in my previous post. Where I talked about why the market timing is very important, I also talked about spending more time with the market and I emphasize more on having a perfect entry to purchase a coin.
We all know that market timing is very important when it comes to crypto and previous people commented on my post saying it is too time the market and more difficult to have a perfect entry. I know there is nothing perfect entry but a good entry can be achieved when considering factors to maximize our profit.
Technical analysis(TA)
The main mistake people do is believing that technical analysis is meant for traders alone and not for investors but this is not true because TA is very important for everybody in crypto ranging from big investors to small traders. After all, what TA will do for an investor is to make him/her realize more profit at the end of the day compared to an investor that has zero knowledge about the market.
Never compulsory for you to know everything about TA but the basic is important like knowing the support and resistance, knowing how to use your moving average, and knowing something about action price. This will help to manage our money in the best way possible.
Season
The second thing we must consider is the season of the market, this is the reality we must face when investing Because the season presents a perfect understanding of what to do in the market. Sometimes not knowing much can be bad but knowing the season gives us the overall picture of the market, this can also let us change our approach toward buying or selling.
The bearish season is the time to buy because most coins are always below their value and this also presents a great opportunity for us to accumulate more in this period the bull season comes with an abundance and investing in this time is to be cautious.
The hype
Sometimes we want to invest in something so badly but without proper research is bad because we might lose all hard earn money in the long run. We invest for different reasons but the hype should not be part of it. I know we are emotional beings but this is not good at all and doesn’t always end well.
▶️ 3Speak
