Exit levels need to be set BEFORE you're up 3x and your brain is fried on dopamine.
Yan nails it: the second you start moving your targets higher because "it feels different this time" — you've already lost.
You're not reassessing based on fundamentals. You're reassessing because number go up feels good and you think it'll never stop.
Set your exits when you're rational. Stick to them when you're emotional. That's the difference between taking profit and becoming exit liquidity.
Yan nails it: the second you start moving your targets higher because "it feels different this time" — you've already lost.
You're not reassessing based on fundamentals. You're reassessing because number go up feels good and you think it'll never stop.
Set your exits when you're rational. Stick to them when you're emotional. That's the difference between taking profit and becoming exit liquidity.