Another funny side effect of this wrong mindset is that when you look at your closed trades, the profitable ones are smaller in percentage terms than the losing ones. In other words, you let losses run but cut your winners short. 👈
fallowtheblackrabbit
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Don’t enter if you’re not confident. And if you still decide to enter, at least make sure you have enough room to withstand the possible lows the position may hit. Otherwise, this happens: your margin starts shrinking, and if you’re trading in cross margin, it drags down your other positions. You begin closing trades little by little, trying to manage the drawdown, and before you realize it, if you don’t close the position, you’re either falling into a liquidation pit or into the opposite — stress, anxiety, and a bad time.
I still struggle with it. I keep holding losing positions longer than I should. But little by little I’m starting to make the decision to cut losses. I still need to react faster, but with my previous mindset, this position would have liquidated me. $SOL
Don’t enter if you’re not confident. And if you still decide to enter, at least make sure you have enough room to withstand the possible lows the position may hit. Otherwise, this happens: your margin starts shrinking, and if you’re trading in cross margin, it drags down your other positions. You begin closing trades little by little, trying to manage the drawdown, and before you realize it, if you don’t close the position, you’re either falling into a liquidation pit or into the opposite — stress, anxiety, and a bad time.
I still struggle with it. I keep holding losing positions longer than I should. But little by little I’m starting to make the decision to cut losses. I still need to react faster, but with my previous mindset, this position would have liquidated me. $SOL
The best opportunities are starting to appear now. Stay safe and don’t quit. Don’t panic either and lose money unnecessarily — the latest BTC trade is a good example. If you’re not confident: a) don’t enter b) enter with very low leverage c) build a position d) do nothing
I’m choosing the last option: focusing on the largest assets, placing limit orders, and maintaining positions in Bank and Aster. Be obsessive and don’t stop clicking. GM FAM!
I hope you all’ve started the week well. Just in case, I’m taking partial profits and will rebuild lower if needed, since I’m not sure what to think yet. Profit is profit $ASTER
Master your emotions. Trust your plan. Set the price. Protect the trade. Know when to enter. Know when to leave. New week. Fresh opportunities. EQ lows. $BTC being over sold for the past days, important day! Good luck to everyone, and don’t give up.
I’m placing limit orders lower. If they don’t get filled, I’ll reassess and re-enter. It helps me build more margin so I’m not too tight and can enter with enough room to take partial profits. $ASTER
Priority: capital recovery. I’m going to start taking profits. If I risk letting it run, it could be worse. It’s better to look for opportunities by entering and exiting. $FORM
I close another month in the red. The famous one is leaving and you want to jump in just so you don’t miss it. Leverage is key — position size and leverage are everything. You keep limiting margin, but it’s still complicated. Even knowing all this, when I’m in the heat of the moment I always end up wanting to size a bit more and use more leverage. It’s all ego. It’s all about wanting to make fast money. That’s not the way. You have to keep learning and never give up. Let’s go — the best is still to come. ♥ Quitters don’t win. 🔥 keep going
Hey everyone! 😊 Quick question — what do you think about XRP right now? Do you see it as a good opportunity, or do you think it’s better to wait a bit? Curious to hear your thoughts! $XRP ASIA WE LOVE YOU! ♥