Why Do Many People Buy at the Peak and Sell at the Bottom – And How to Avoid Making This Mistake

Let’s be honest: the majority of traders lose because they do the opposite of what they should do. They buy when a coin is being talked about heavily on social media, and they sell off when the price drops just a little. But that’s not trading; it’s gambling based on emotions. What Is Really Happening? When the price starts to rise sharply, the crowd becomes excited. Phrases like "This coin is about to go to the moon!" appear everywhere. And so, everyone FOMO (fears missing the opportunity), rushes to buy at the highest price, hoping to make a few times the profit. But then what was meant to happen did happen: the market adjusted. Prices began to fall. Fear took over. Without a clear plan, they sold off in panic – just when professional investors were quietly accumulating. What About Smart Investors? They act contrary. They buy when the market is quiet, when the price is stagnant and boring, when the whole community seems to have forgotten that coin. They accumulate during the red-hot days, during the periods when hardly anyone cares. And when the crowd realizes the opportunity and starts to FOMO, they are ready to sell and take profits. Want to Trade Effectively? You Need: ✅ A clear entry and exit plan Never enter the market without knowing where you will exit the trade. Lack of a plan is a formula for losses. ✅ The patience to wait for solid setups The market always creates opportunities, but it is not always the right time to enter a trade. Wait for the right moment – where the risk is low and the reward is high. ✅ The courage to buy when others are afraid “Be fearful when others are greedy, and greedy when others are fearful.” – Warren Buffett This is the time you can buy at the best price, when everyone is panicking. ✅ Discipline to take profits when others are greedy When the market is booming, don't dream too much. Remember: profits are just virtual numbers until you actually sell. Conclusion The market does not reward those who act on emotions. The market only rewards preparation, discipline, and patience. So, don't chase the excitement on social media. Build your own strategy, stick to it, and let the market come to you. That's the way to create sustainable profits.