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🎯 Learning Series - Rule 3:
"Don't chase the bus when it's moving!" 🚌💨
You open your phone, find a coin up 40%, and everyone on "Twitter" is shouting "To the moon!". You get the feeling that if you don't buy now, you'll miss out on a fortune of a lifetime (FOMO). My friend, if the bus moves from the station, don't run after it.. it might turn around on the first lap!
Why is this rule important?
Warning: Those buying while the coin is "flying" are often the ones who become "fuel" for profit-taking; meaning you buy from them while they run away with the money.
The market doesn't fly away: Coins always come back to "retest" (meaning the bus returns to the station to rest a bit), and this is the right time to hop on.
Missed it? No problem: The crypto market is like an "all-you-can-eat buffet", if one dish is gone, there are ten more better than it.
How to apply it smartly?
Stay calm: If you see a long green candle like a "palm tree", leave it. Only buy when the candle "turns red" a bit and people start to fear.
Be a hunter: Place "buy orders" below the current price and wait patiently. The price will come to you, not the other way around.
The 5-minute rule: If you feel overly excited to buy, put your phone down for 5 minutes, drink some tea, and come back. You'll often realize you were about to make a disaster!
Summary of the rule:
"Missed the bus? Wait for the next one.. the (market) is open 24/7 and won't close!" 🛑☕