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RE: Crytpo Charting 101: Head and Shoulders Pattern (and why 90% of trading is psychology and emotion)
This is exactly what has always confused me with Technical Analysis... when I watch someone else do it, it all makes perfect sense, but when I look at a naked chart I feel like I could draw lines absolutely anywhere...
This is why I like to hold things super long term... sure I'll never profit as much as a good day trader, but I shouldn't lose as much as a bad day trader either...
Be careful about what you hold though. Like I never second guess my ethereum position but a lot of this market goes up purely on hype so you might as well sell and take your profit unless you truly believe in the long term utility of the token. For instance, even if you diehard love Raiblocks you still should have sold nd waited to jump back in at a better price.
Could not have send it better myself. There are coins to hold and coins to trade. RDD was a trading one for me and basically have turned it into a hold, wanted to use this example to show people how easy it is stray from a plan. :-)
Nothing wrong with buy and hold, especially when you are getting in the early stages of a new technology.