$NEAR The most dangerous moment in a contract is right after you’ve taken your first loss.
$COTI Many people lose on their first trade and then rush to place another order to make it back.
$1000PEPE If you misread it or have bad luck, and then increase your position size, the losses end up compounding and growing larger and larger.
In truth, it’s not that you can’t read the candlestick chart, and it’s not that you don’t understand stop-losses—it's that you’re unwilling to accept it.
The moment you start thinking, “I’ll claw it back,” the trade changes in nature.
Instead of placing the stop-loss where it should be, you move it further out—and when the market turns against you, you keep adding to your position.
So now I have a habit: after I’ve made a few trades that are wrong in a row, I step away from the screen first.
Because at that time, what you need to control isn’t the market—it’s your own hands.
Before entering, decide upfront the maximum you can afford to lose. If you’re wrong, admit it and exit. If you’re right, take profit and stop.
Don’t let a single trade turn into you taking your frustration out on the market.
Slow is still faster than having to “recharge” again.
When you should act, act. When you shouldn’t, your hands should be able to stop.
$COTI Many people lose on their first trade and then rush to place another order to make it back.
$1000PEPE If you misread it or have bad luck, and then increase your position size, the losses end up compounding and growing larger and larger.
In truth, it’s not that you can’t read the candlestick chart, and it’s not that you don’t understand stop-losses—it's that you’re unwilling to accept it.
The moment you start thinking, “I’ll claw it back,” the trade changes in nature.
Instead of placing the stop-loss where it should be, you move it further out—and when the market turns against you, you keep adding to your position.
So now I have a habit: after I’ve made a few trades that are wrong in a row, I step away from the screen first.
Because at that time, what you need to control isn’t the market—it’s your own hands.
Before entering, decide upfront the maximum you can afford to lose. If you’re wrong, admit it and exit. If you’re right, take profit and stop.
Don’t let a single trade turn into you taking your frustration out on the market.
Slow is still faster than having to “recharge” again.
When you should act, act. When you shouldn’t, your hands should be able to stop.
