Holding on for dear life is the biggest killer in trading
A friend once contacted me in the early hours of the morning. His position was down more than ten points, but he was still stubbornly holding on, hoping for a dramatic rebound. I know that feeling all too well—I used to do the same. I had a few thousand U tied up in losing positions, always imagining the market would turn around and refusing to admit I was wrong. In the end, only 300 U was left in my account.
In crypto, what’s truly fatal isn’t losing money—it’s the pride that won’t let you admit defeat.
After taking some heavy losses, I set myself some hard rules: if the reasoning behind a trade is invalidated, exit immediately—no wishful thinking; when I reach my profit target, withdraw and lock in the gains—don’t chase the last bit of a move; if I can’t read the market, stay out and watch.
An account grows steadily not because your predictions are especially accurate, but because you make fewer and fewer avoidable mistakes. These days, when I watch the charts, I no longer obsess over whether the candlesticks are going up or down. I focus on trading volume, how well the market absorbs selling pressure, and whether the trend has broken down.
The market never runs out of opportunities or stories of people striking it rich. But the saddest thing is when a major move finally arrives, only to find that your capital has already been wiped out by holding on for dear life time and again.
Follow Mark, and I’ll help you achieve long-term profits! $BTC
#Vitalik警告AI或将加速削弱密码学安全
A friend once contacted me in the early hours of the morning. His position was down more than ten points, but he was still stubbornly holding on, hoping for a dramatic rebound. I know that feeling all too well—I used to do the same. I had a few thousand U tied up in losing positions, always imagining the market would turn around and refusing to admit I was wrong. In the end, only 300 U was left in my account.
In crypto, what’s truly fatal isn’t losing money—it’s the pride that won’t let you admit defeat.
After taking some heavy losses, I set myself some hard rules: if the reasoning behind a trade is invalidated, exit immediately—no wishful thinking; when I reach my profit target, withdraw and lock in the gains—don’t chase the last bit of a move; if I can’t read the market, stay out and watch.
An account grows steadily not because your predictions are especially accurate, but because you make fewer and fewer avoidable mistakes. These days, when I watch the charts, I no longer obsess over whether the candlesticks are going up or down. I focus on trading volume, how well the market absorbs selling pressure, and whether the trend has broken down.
The market never runs out of opportunities or stories of people striking it rich. But the saddest thing is when a major move finally arrives, only to find that your capital has already been wiped out by holding on for dear life time and again.
Follow Mark, and I’ll help you achieve long-term profits! $BTC
#Vitalik警告AI或将加速削弱密码学安全