🔥After updating the market situation and catching the SL error from yesterday, there are still a few other troubling situations.
"I'm about to hit SL 98.000$ , so when it hits 97.700, I'm very scared, I'm closing it"
"The liquidation price is 98k, but at 97.800, I'm cutting it because I'm afraid of burning"
"Yesterday I Shorted 97.5 to TP 96.200, but it went up to 97.8, and I got so nervous that I cut the order, now I'm losing out"
✨Do you feel a bit uncomfortable hearing this? In reality, everyone will go through these actions. The shop is the same; in the past, the shop was just like you. So when mentioned, don’t be shy. Out of 10 readers, 8 have certainly experienced this. As for burning, out of roughly 100 people, 99 have burned before :)))
✨It sounds a bit ironic, but human psychology is the same. Investing and trading are both probabilistic. However, the difference lies in psychology. The majority are mostly refusing to control their behavior. Instead, they just click, pull, and then lead to SL just because of "Fear of Losing Money" and then try to save themselves in a way that ends up burning everything.
Do you feel uncomfortable yet? Reflect on it! Who? Who has had these behaviors until now…