Have you noticed how many traders are still hoping $ZEC crashes to 1000 while sitting on huge unrealized losses?
Most of us know that feeling. You go short with full conviction, the trade goes against you for 79,521 $USDT, and now you are just waiting for a dump instead of managing the risk.
Hoping the market bails you out is not a strategy. When a $ZEC short is this deep you first recheck the thesis against current $BTC action. If that drop to 1000 no longer looks realistic you set a stop and start scaling out of the position. Sitting frozen on that red number only makes the next mistake bigger.
The second step is to never let PNL dictate your psychology. Close it, reduce it, or add with a plan. There is no version of this where praying works.
Where do you think $ZEC goes from here if these shorts keep getting squeezed?
#ZEC #Trading #RiskManagement
Most of us know that feeling. You go short with full conviction, the trade goes against you for 79,521 $USDT, and now you are just waiting for a dump instead of managing the risk.
Hoping the market bails you out is not a strategy. When a $ZEC short is this deep you first recheck the thesis against current $BTC action. If that drop to 1000 no longer looks realistic you set a stop and start scaling out of the position. Sitting frozen on that red number only makes the next mistake bigger.
The second step is to never let PNL dictate your psychology. Close it, reduce it, or add with a plan. There is no version of this where praying works.
Where do you think $ZEC goes from here if these shorts keep getting squeezed?
#ZEC #Trading #RiskManagement
