Why do you make small profits and large losses?

Because you are not decisive with your stop-loss.

Why are you not decisive with your stop-loss?

Because many times, you find that once you set a stop-loss, the price returns to its original position. You think to yourself, if I don't set a stop-loss, there's a possibility the price will return, but once you set a stop-loss, it becomes a realized loss. This kind of psychological expectation leads to indecision with your stop-loss, and if a reverse extreme market occurs, you end up getting liquidated.

Why can you only make small profits?

Because you are not decisive enough in holding onto your gains.

You are so afraid that the money you earned will be given back, and you hope that your profits can be quickly secured. It's hard to open a profitable position, but under the psychological pressure of 'taking profits when they are good, fearing a pullback, and securing gains,' you uncontrollably cut your profitable position. As for the later magnificent market, it has nothing to do with you.

Trading is difficult, really difficult. First, you need to overcome technical barriers, and then you need to overcome cognitive barriers. If you want to achieve unity of knowledge and action, you ultimately need to overcome the barriers of human nature. It is not easy to break through these three barriers. Without numerous deeply painful experiences and the process of repeatedly denying and then reconstructing yourself, it is very hard to enter the realm of profitability.

This article is excerpted from '@Crypto钟良 ', together we strive #BNBChain爆发 #MEME币狂欢 #金狗势不可挡 $BTC