I made over 300 points in the early stage, but I didn't cash out in time, resulting in unrealized losses of over 700 in my account. This lesson is quite profound.
The problem is not with the market itself, but with the mindset. At that time, I was thinking of waiting a bit longer to see if I could catch a bigger market — this is what is called 'pattern'. What was the result? The pattern never came, and instead, I ended up being trapped.
After thinking it over, living longer is the key. When it's time to withdraw, just withdraw; don't always think about going all in. When it's time to take profits, just take them—making even a dollar is enough; there's no need to wait until you make a killing to feel satisfied. Many seasoned investors end up losing because of this belief—they always think they're on the right track, only to be wiped out several times.
This wave of market movement can be considered as paying tuition. Next time when trading, risk should still be the top priority. Take the profit and walk away, don't keep competing with yourself.
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OnchainDetectiveBing
· 12-21 13:40
Over 300 to unrealized losses of 700, this contrast is absolutely stunning. To put it simply, it's greed that destroys everything in an instant.
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ForkMaster
· 12-21 13:26
Making 300 and losing 700, this is the so-called "lesson" that "pattern" teaches you, brother. My three kids are all more stable than your operation.
I made over 300 points in the early stage, but I didn't cash out in time, resulting in unrealized losses of over 700 in my account. This lesson is quite profound.
The problem is not with the market itself, but with the mindset. At that time, I was thinking of waiting a bit longer to see if I could catch a bigger market — this is what is called 'pattern'. What was the result? The pattern never came, and instead, I ended up being trapped.
After thinking it over, living longer is the key. When it's time to withdraw, just withdraw; don't always think about going all in. When it's time to take profits, just take them—making even a dollar is enough; there's no need to wait until you make a killing to feel satisfied. Many seasoned investors end up losing because of this belief—they always think they're on the right track, only to be wiped out several times.
This wave of market movement can be considered as paying tuition. Next time when trading, risk should still be the top priority. Take the profit and walk away, don't keep competing with yourself.