Study psychology first, trading second

0xHash
2 min readJun 15, 2021

Save your time and work up one step at a time

Who to blame when you are caught at the tip of the iceberg……………?…ELON, yea right!! You should blame your FOMO buddy, none but yourself.

That’s why knowing human psychology will help. You can’t help a person with a “manipulator instinct” to stop deceiving you. It is hard to understand how a person lives that way, taking advantage of other people.

Look at the accumulation phase, check the tweets and news. Keep track of mainstream media; Forbes, Yahoo Finance, Reuters, Financial Times. What did they say, just do the opposite!

The reverse is true when all the BS news talks crap about blockchain, green energy concerns, and so on. BUY THE DIP!!!

Unfortunately, the majority of retail traders are in the below situation. Why in the sky, we always adopt a Defensive Trading strategy?

  1. Breakout trading, 90% promoted by institutions and fake YOUTUBE gurus. They expect us to hold their bag!
  2. Average down, they instilled in our head this mantra “if you don’t sell, you won’t lose”. Cut it off! seriously, know your entry and exit will save your money and health.

Did you notice? after all the crap talks and fear-mongering from the past weeks? They have been accumulating our coins at a huge discount!

You will notice, suddenly the flowers are blooming, nice talks are all over the news. That means they are onboard, the train is about to leave!

Don’t get fooled though, as they are planning to offload their bag prior to going on long holidays.

WAT DA HEL!!! we also want to go on holiday!

I’d pull some of my profit anywhere ~10% around the recent high. That’s $55K-65K / BTC, or $4K of ETH.

NOT THIS TIME Mr. Twitter, I read your move and you’ll only fool yourself!

--

--