#TradeStories I once entered a long position in a promising altcoin after extensive research and technical analysis. My target was a 20% gain within two weeks. Initially, the trade moved in my favor, reaching 10% profit in just three days. However, the market sentiment shifted abruptly due to negative news surrounding the project.
Instead of securing my gains, I held onto the position, hoping for a rebound. Unfortunately, the altcoin continued to plummet, resulting in a 35% loss. This experience taught me the importance of setting stop-losses and sticking to them while being cautious about unexpected market-moving events.
I once entered a long position in a promising altcoin after extensive research and technical analysis. My target was a 20% gain within two weeks. Initially, the trade moved in my favor, reaching 10% profit in just three days. However, the market sentiment shifted abruptly due to negative news surrounding the project.
Instead of securing my gains, I held onto the position, hoping for a rebound. Unfortunately, the altcoin continued to plummet, resulting in a 35% loss. This experience taught me the importance of setting stop-losses and sticking to them while being cautious about unexpected market-moving events.