Why is it difficult for you to hold on to a profitable position? In the market, most traders face a common problem: it is difficult to hold a profitable position for a long time, which is the main reason for their losses. After you open a position, once the position shows a little profit, your first reaction is often to close the position in a hurry to lock in the profit immediately. Although your entry point is accurate, the stop loss is set reasonably, and it follows the market trend, you often only make a small profit and then miss the subsequent large profit opportunities. So, what is the reason behind this phenomenon?
In my opinion, situations where it is difficult to hold onto profitable positions can be roughly classified into three categories. First, when the market continues to fluctuate, your position is repeatedly profitable and lossy, or even in a loss state most of the time, the feeling of being tortured will make you unbearable, so you choose to leave the market. Second, when your profitable position suddenly experiences a sharp retracement, the huge psychological pressure will make it difficult for you to accept it, causing you to hastily close the position before reaching the profit target. Finally, if your position is too heavy, the slightest fluctuation in the market will make you nervous and adrenaline surge, making you eager to leave the market at the slightest change in the market or when the profit is meager.
The main reason why traders find it difficult to stick to profitable positions is the uncertainty of the market and the trader's own mentality. The uncertainty of the market cannot be changed because the market is unknown and we cannot make subjective predictions. Since we cannot change the market, we can only make adjustments from our own mentality. Maintaining a good mentality in the market is not easy, but it is not impossible.
To maintain a good mentality, an effective way is to operate with a light position. Take a 100,000 account as an example. If you only use 20% of the funds to trade and make a profit, then your holding time will naturally be relatively long, and it is more likely to reach your expected profit position. At the same time, after setting the stop loss position, try to reduce the time of watching the market and do something else. Because if you often watch the market and watch the profit and loss changes of your position, it will be difficult for you to stay calm and patient.
Holding on to a position is the highest test of rationality, technology, mentality and the ability to integrate knowledge and practice of rules. It is also the most difficult stage in trading. The reason why most people find it difficult to hold on to a position and dare not take an order is because it goes against the human nature of seeking safety. People are risk-averse and afraid that profits will turn into losses. However, it is this kind of torment and torture that can train excellent traders.
As Livermore said, in the trading market, there are many people who see the right direction, and even more people who buy at a good price, but there are very few people who can really stick to their positions. Therefore, to become a good trader, you must learn and dare to stick to your positions. You can try to operate with a light position, and slowly break through yourself through the practice of three or five orders, and experience the feeling of finally reaping the fruits of victory after suffering. Although the process may be painful, once you get used to this feeling, you can basically make a profit. If you stick to it for a long time, the market will definitely bring you huge returns.$SOL #新币挖矿HMSTR #美国大选如何影响加密产业？ #加密市场急跌 
