Why can’t 99% of people hold on to winning trades?
I’ve been trading for 10 years. For the first two years after I got started, I kept going in circles: making small gains, taking big losses, over and over. The losses you cut are tuition fees; the positions you stubbornly hold until they blow up are the price of being forced out. “Just hold on a little longer and I’ll break even” has buried too many people. What you’re adding is wishful thinking, not to your position size.
After going through more, I finally realized: often, the reason you can’t hold on to winning trades isn’t your mindset—it’s that you don’t have a trading system of your own.
The position you didn’t go all-in on today is what gives you the chance to place trades tomorrow. Those who go all-in get carried away when prices rise and panic when they fall. Those who spread their positions always have another move to make.
$BTC
Back then, as soon as my account showed a few points of unrealized profit, I’d rush to take profit, always afraid of giving it back or of the market suddenly reversing.
The result was often that the price took off as soon as I sold. I could only watch it climb higher and higher, kicking myself in frustration.
The profit you lock in is the meat; the tail of the fish you leave on the table is a courtesy. If you give up even the meat, you’ll end up leaving hungry.
Only later did I understand that real profits don’t come from repeatedly taking tiny gains. You have to learn to let your profits run.
The unclear trades you pass on today won’t cost you money. Forcing your way into a trade is what gives your money away.
$ETH
A single candlestick is noise; the daily chart structure is the truth.
Now I’ve set a few hard-and-fast rules for myself:
Plan your profit target before entering a trade, and don’t exit prematurely before it’s reached. The loss you cut according to plan today buys you the chance to keep trading tomorrow.
No matter how sharp the pullback is along the way, stay on track as long as key support hasn’t been broken.
Every unnecessary trade you avoid is ammunition for when a trend arrives.
It really is tough at first, but after sticking with it a few times, you’ll find that one genuine big move can often be worth dozens of small trades.
The assets you’ve put in the bank are truly yours. What’s in your account is always just a number.
##FOMC会议
I’ve been trading for 10 years. For the first two years after I got started, I kept going in circles: making small gains, taking big losses, over and over. The losses you cut are tuition fees; the positions you stubbornly hold until they blow up are the price of being forced out. “Just hold on a little longer and I’ll break even” has buried too many people. What you’re adding is wishful thinking, not to your position size.
After going through more, I finally realized: often, the reason you can’t hold on to winning trades isn’t your mindset—it’s that you don’t have a trading system of your own.
The position you didn’t go all-in on today is what gives you the chance to place trades tomorrow. Those who go all-in get carried away when prices rise and panic when they fall. Those who spread their positions always have another move to make.
$BTC
Back then, as soon as my account showed a few points of unrealized profit, I’d rush to take profit, always afraid of giving it back or of the market suddenly reversing.
The result was often that the price took off as soon as I sold. I could only watch it climb higher and higher, kicking myself in frustration.
The profit you lock in is the meat; the tail of the fish you leave on the table is a courtesy. If you give up even the meat, you’ll end up leaving hungry.
Only later did I understand that real profits don’t come from repeatedly taking tiny gains. You have to learn to let your profits run.
The unclear trades you pass on today won’t cost you money. Forcing your way into a trade is what gives your money away.
$ETH
A single candlestick is noise; the daily chart structure is the truth.
Now I’ve set a few hard-and-fast rules for myself:
Plan your profit target before entering a trade, and don’t exit prematurely before it’s reached. The loss you cut according to plan today buys you the chance to keep trading tomorrow.
No matter how sharp the pullback is along the way, stay on track as long as key support hasn’t been broken.
Every unnecessary trade you avoid is ammunition for when a trend arrives.
It really is tough at first, but after sticking with it a few times, you’ll find that one genuine big move can often be worth dozens of small trades.
The assets you’ve put in the bank are truly yours. What’s in your account is always just a number.
##FOMC会议
