💥Painful Lesson! A Real Experience of Losing Money Even When the Direction Was Right ⚠️
This morning I chased the rise of ETH, thinking that once it broke through the previous high, I would jump in.
As a result, it pulled back, and I mistakenly thought it was a normal retracement, so I decisively increased my position.
But the price started to consolidate sideways, and the movement stalled. I thought I would wait a bit longer—resulting in me taking a nap at noon.
When I woke up, I saw that the price was almost touching the stop-loss line. I urgently manually reduced my position by 35%, and the rest was cut off by the stop-loss, ultimately resulting in a loss of $26.
Lesson learned: Being right about the direction ≠ Making the right moves.
✅ Increased position too quickly
✅ Negligence during the day
✅ Did not set up a proper risk control plan
Even if the market goes in the right direction, you can still lose; the real victory or defeat lies in executing discipline and managing the rhythm! Don't repeat my mistakes.