Most investors can never control their inner greed and blindly chase market trends after missing a reasonable entry point.
Impatience often leads to premature positions, which means enduring market fluctuations before the expected uptrend or downtrend materializes. In this situation, you often cannot hold on or your stop loss level will not allow you to hold on.
If the stop loss level is set too wide, it can lead to significant losses once triggered. If it is set too narrow, it is easy to be hit by market volatility.
These phenomena are due to a lack of patience on the part of traders, the underlying reason being the eagerness to make money and the fear of missing out on the best opportunities, manifested in premature entry, which is actually greed.
Some people enter the market too late, underlyingly due to fear of missing out on this market cycle and eagerness to make money, which is actually fear.
Let's encourage each other!
GC1!
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