More than 3 long positions, with a maximum floating profit of 4 times the principal
Once the tariff news came out Profit gradually started to retreat Battle situation: BNB and SOL each earned twice the opening principal DOGE stopped out with a loss of twice the loss, these trades were also pretty good Did not close near the highest profit And did not hold on stubbornly, causing greater losses
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IWantBitcoinAndEthereum.
· 10h ago
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Moe-chan
· 11h ago
After reaching a maximum profit of 400% post-trade,
a retracement to 200% profit or even a loss occurs.
At this point, the mindset begins to change.
Mindset influences thoughts, and thoughts determine actions.
Inner thoughts:
1. Profit retracement -//- That’s my money. If the profit retraces by half, I can’t accept it! I need to wait until the profit reaches 400% again before closing the position.
2. Unrealized gains turn into losses -//- I didn’t sell when I was making so much profit, so if I sell now, am I just a pure rookie? No! This is the perfect time to add to the position; I must recover the losses.
The above reflects the most genuine side of human nature, but it is contrary to trading principles.
Unrealized gains that haven’t been sold, after a profit retracement, the uncomfortable feeling must be completely eliminated.
More than 3 long positions, with a maximum floating profit of 4 times the principal
Once the tariff news came out
Profit gradually started to retreat
Battle situation: BNB and SOL each earned twice the opening principal
DOGE stopped out with a loss of twice the loss, these trades were also pretty good
Did not close near the highest profit
And did not hold on stubbornly, causing greater losses