Lurking the sub, as I tend to do, and there’s been an influx lately of posts centred around attempts to time the market by swing trading their tokens.
This ranges from people trying to jump on and off of pumps, converting their crypto to stable coins when they feel a dip is coming and then trying to buy back at the bottom, and leaving one token based on news for another in the hopes that they can consistently ride the correct wave.
This way of trading isn’t sustainable.
Many of us know the famous saying that time in the market beats timing the market.
This is important, because it means that for most of us, without years of experience, attempting to time sales and buys etc with more wins than losses is tough, and even if you are experienced it’s still difficult - if it was an easy thing to do there would be a lot of rich people.
There’s nothing wrong with investing your own way - I’m not here to advise - however, as an opinion be mindful that there is a difference between investing and gambling. Just be aware of that when you’re selling your ADA because MATIC is pumping and you want to be on the pump.
The bulls are back in town, the opportunities will come, but there’s much to be learned in humbly accepting that timing the market might be beyond you.
TL:DR - Be aware that trying to time the market and constantly selling your tokens (among other things) to chase pumping projects is more gambling than investing. The average investor needs to be mindful of this and should consider the very famous expression time in the market beats timing the market.
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