Last night, I was watching the $BNB candlestick: 721.29, down 1.85% in 24 hours. The order book was swinging up and down, and I started getting that itch to trade.
Most people do one thing in moments like this: they want to buy more after every dip, and the more they buy, the more anxious they get. I’ve done it too. The problem isn’t adding to your position—it’s whether you’re trying to prove you were right or just make your paper losses disappear as quickly as possible.
My view is clear: after this drop, I’m not going to rush into calling a top or bottom. The low from two days ago hasn’t been broken, so I don’t believe it’s about to keep plunging. If it breaks below that level, then I’m wrong. I’ll accept that.
#BNB #TradingMindset
Most people do one thing in moments like this: they want to buy more after every dip, and the more they buy, the more anxious they get. I’ve done it too. The problem isn’t adding to your position—it’s whether you’re trying to prove you were right or just make your paper losses disappear as quickly as possible.
My view is clear: after this drop, I’m not going to rush into calling a top or bottom. The low from two days ago hasn’t been broken, so I don’t believe it’s about to keep plunging. If it breaks below that level, then I’m wrong. I’ll accept that.
#BNB #TradingMindset