A Costly Lesson in Greed: Chelsea vs Sunderland
Sometimes the hardest part of trading isn't finding the right entry. It's knowing when to take profit.
Chelsea looked like a reasonable pick against Sunderland. I entered at 0.58, and before kickoff, the price had already climbed enough to offer a decent profit. Selling at 0.74 would have been a perfectly good exit.
But I got greedy.
Instead, I placed higher sell orders at 0.82 and 0.89, hoping for an even better return. Only a small portion got filled before Chelsea unexpectedly lost 0-1.
Thankfully, I had also taken a Draw No position, which helped cushion the loss.
The lesson? A missed opportunity for extra profit is better than turning an available profit into a loss.
Take the profit when the market offers it. Don't let greed make the decision for you. Mybears learned a good lesson today, don't be greedy
#BinancePick #Chocbears
Sometimes the hardest part of trading isn't finding the right entry. It's knowing when to take profit.
Chelsea looked like a reasonable pick against Sunderland. I entered at 0.58, and before kickoff, the price had already climbed enough to offer a decent profit. Selling at 0.74 would have been a perfectly good exit.
But I got greedy.
Instead, I placed higher sell orders at 0.82 and 0.89, hoping for an even better return. Only a small portion got filled before Chelsea unexpectedly lost 0-1.
Thankfully, I had also taken a Draw No position, which helped cushion the loss.
The lesson? A missed opportunity for extra profit is better than turning an available profit into a loss.
Take the profit when the market offers it. Don't let greed make the decision for you. Mybears learned a good lesson today, don't be greedy
#BinancePick #Chocbears