Wisdom of the day

in trading •  7 years ago 

The first step in predicting the price and trading is to realize that you are terrible at predicting the price.

wisdom-92901_1920.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

True, in some cases, but not all.

Is there a greater point that you are trying to make here or are you simply pointing out the delusionary tendencies in man?

mostly the second, it is something that most people will probably suffer from, why would you not spent your cryptocoin? Because it is going up? You already made a prediction and are too sure of the gains you assume. Also for all the people out there that regret selling or buying at whatever point, in a lot of cases the buy is 0 ev-ish and the coin is worth what you pay for it. Also for all the people that draw graphs and are way too sure it will happen exactly how they imagine it to happen.