Don't chase the ones that surge. When something jumps forty or fifty points in a day and the comments are full of cheers, that's often exactly when it's time to leave. The people who really make money are the ones who got in early and know when to get out, not the ones who rush in at the end to take the bag. #BitcoinHolds$78K $HYPE
A breakout through a key level on heavy volume is indeed an opportunity, but when the volume is exaggerated and the price still won't move, don't hesitate. Leave when you should; don't be greedy for that last bit of profit. Only trade instruments whose moving averages are trending upward. If it drops below the line, don't touch it no matter how good it looks. Don't bet on a rebound or waste time with the main players grinding out a bottom.
Position management needs room to fall back. On the first entry, use at most 20%. If you're right, add more; if you're wrong, take a small loss and leave. Truly strong people are not the ones who are right every time, but the ones who can control losses even when they're wrong. Over the years, I've been liquidated and lost money too, but the reason I can stay in the game longer than most people comes down to one thing — when I shouldn't act, I really don't act $ETH