Have you noticed how some tokens just refuse to crash even when the whole market is in chaos?
Too many traders dump their bags at the first red candle. Then they watch those same coins recover without them and lock in losses they never recover from.
Today's market is stormy but $B didn't feel a thing. I opened a long on the $B perp and even with the 10.29% move my unrealized PNL is still +1,475.77 USDT. Most traders would have already closed this because they cannot sit through the volatility.
Conviction separates the ones who stay in the game from those who keep starting over. Being poor is a choice when you abandon winning setups at the first sign of trouble.
The way I handle it is simple. I size every trade so a 10% swing does not hurt. I look for coins showing strength like $B while $BTC and $ETH are getting wrecked. Then I set alerts and actually live my life instead of staring at charts.
What's your take on holding through this kind of storm?
#CryptoTrading #Binance #Perps