The new investors is actually what scares me most. They are fickle and expect to get rich overnight. When things start to drop they tend to pull their money and force things to go even lower then they should on simple pullbacks. Then they wait and if it starts to rebound they buy high again.
At some point they get sick of the ride and pull everything (many times because the spouse is sick of the losses). They get the "if it drops one more time sell it all and get our money back" ultimatum.
I've seen this many times when clients try to do some investing on their own vs letting the pros take care of things. Emotions rule for them and that is never a good thing.
Small dips should be buying opportunities, not time to panic. Large run ups aren't time to buy more, they are likely time to sell a percentage to lock in profits and then wait for a dip to purchase more.
Look forward to the posts on Tangle!
Brilliant description of "new investors" my friend you tell it exactly how it is spot on. They let their emotions dictate their actions. You just ca not do that when dealing with money or finance.
Saying that, when I started trading in crypto I was doing the same thing lol : )
I made a lot of mistakes that way and had to earn fast if I was to make any profits. Jeeez I was so impatient those days. Now I see the bigger picture and play the long game. For example I bought some Bitcoin the other day to ride the fork train that is coming. It went up last night and IOTA has gone down. I think IOTA and other altcoins will go down too and I will just buy more while the price is cheap. I would never have done that when I first started:
Yeah I am working on that "Tangle" post as we speak..
So good chatting with you @darkhorse I can see you have some knowledge in the trading space yourself you dark horse : )