Before I start my lines, I would like to start with a quote from Jesse Livermore, one of the greatest traders in history:
“Only trade when the market is clearly bullish or bearish.”
— Jesse Livermore, Memoirs of a Stock Speculator

We are all social beings. The vast majority of us were raised by one parent. We constantly struggle for approval in school, in our circle of friends, and in many areas of daily life. This situation also manifests itself in the markets. When trading, we often look for the approval of the community rather than our own analysis and want to act accordingly.

However, in markets where our main goal is to make money, this feeling can over time give way to the instinct of being a part of the community. A significant portion of the biggest gains throughout history have come from investors who were able to go against the grain.
As soon as we start to take responsibility for every transaction we buy and sell, our perspective on events will change positively. Because news feeds, rumors and various narratives will constantly be used to manipulate you in the markets. The aim is often to make you passive, indecisive, or to make you take action at the wrong time.

There are also uncertain market periods. In such periods, they encourage investors to take as many positions as possible. However, not creating a position before the direction of the main trend becomes clear is often a success in itself. One of the biggest rules in trading is to know how to be patient. Sometimes the most profitable trade is the one that is never opened. If you want things to change inside and out, you have to change yourself first. And finally, whoever can beat himself has already beaten the markets...