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RE: I See Bubble People

in #cryptocurrency7 years ago (edited)

Noobs?...haha, dude you're funny.

If they knew that then the parabolic move would never happen. No, the noobs don't start buying until the majority of the move has happened and they wait for it to "hit the moon" because they're in the enthusiasm, greed and delusion stages. Again, patterns play out on the market thanks to some very predictable psychological weaknesses in humans, that's why the big money nearly always cashes out ahead of the "noobs" and the the dumb money doesn't even think to sell before they're back in losses.

This cycle has literally played out millions of times. People will rationalize why they lost instead of spending the energy to figure out the real reason -- that's the real problem why most traders don't make money -- their egos are in the way.

and it makes you wonder. if the tool are "good" then why are they fucking up? ;)

Because most people don't have the balls to stick around long enough to confirm that their trading strategy, with a 55% win percentage, WILL have periods of draw-down, but also WILL pay off in the end, just like the casino with its small edge.

And the only reason why the edge is there to begin with is because the majority of the people in the game aren't anywhere near psychologically fit enough to be in it.

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