TradeCoinVN_Official
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Holding Losses is Old News, Holding Profits is the Real Challenge
Holding losses stems from the fear of losing money, the fear of failure; many people accept holding losses in hopes of having a chance to win in the market.
On the other hand, holding profits comes from belief, personal satisfaction, or the fear of losing profits; many factors influence this. Thus, people often tend to take profits faster than cutting losses.
Therefore, to be able to hold profits, one must assess Risk/Reward and dare to make timely decisions.
As shown in the image below, the Long position on $BTC at $103,914, I had intended to take profits at $104,500 since the beginning of the week. However, after reevaluating Risk/Reward, I decided to hold and wait for price reactions; currently, the position has made significant profits.
#TradeCoinVN_Official #Binance #Bitcoin #Hodl
Holding losses stems from the fear of losing money, the fear of failure; many people accept holding losses in hopes of having a chance to win in the market.
On the other hand, holding profits comes from belief, personal satisfaction, or the fear of losing profits; many factors influence this. Thus, people often tend to take profits faster than cutting losses.
Therefore, to be able to hold profits, one must assess Risk/Reward and dare to make timely decisions.
As shown in the image below, the Long position on $BTC at $103,914, I had intended to take profits at $104,500 since the beginning of the week. However, after reevaluating Risk/Reward, I decided to hold and wait for price reactions; currently, the position has made significant profits.
#TradeCoinVN_Official #Binance #Bitcoin #Hodl
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