After lunch, I came back to check the charts and suddenly had a realization: often, what causes losses isn’t the price action, but the suffocating feeling that comes from taking on too large a position.
When your position is even slightly oversized, normal pullbacks and fluctuations can feel like a full-blown crash. In the end, you often panic and cut your position at the worst possible time.
Before placing a trade, ask yourself one more question: Can I focus on my work this afternoon and sleep soundly tonight with this position? If not, cut it in half first.
$BTC
When your position is even slightly oversized, normal pullbacks and fluctuations can feel like a full-blown crash. In the end, you often panic and cut your position at the worst possible time.
Before placing a trade, ask yourself one more question: Can I focus on my work this afternoon and sleep soundly tonight with this position? If not, cut it in half first.
$BTC