TODAY I got screwed over for following someone who knows more than I do.. I should have done my own research so I wouldn't lose anything $IDOL ๐๐
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After more than four years of trading, Iโve noticed something pretty interesting.
When I publicly shared that I was down over 100,000, a lot of people told me to cut my losses.
But if this trade were up over 100,000 right now, I bet some people would be telling me to take profits while I still can.
When youโre losing, they tell you to cut your losses; when youโre winning, they tell you to take profits.
But the market never falls any less just because you listened to someone.
So these days, I care less and less about what other people think of my positions.
Itโs my money, and Iโm the one taking the risk.
What do you thinkโwhen it comes to a trade, should you listen to others or stick to your own judgment? #sol
When I publicly shared that I was down over 100,000, a lot of people told me to cut my losses.
But if this trade were up over 100,000 right now, I bet some people would be telling me to take profits while I still can.
When youโre losing, they tell you to cut your losses; when youโre winning, they tell you to take profits.
But the market never falls any less just because you listened to someone.
So these days, I care less and less about what other people think of my positions.
Itโs my money, and Iโm the one taking the risk.
What do you thinkโwhen it comes to a trade, should you listen to others or stick to your own judgment? #sol