June 12-13 Review (Secondary market losses, for personal reference only, do not follow)
Yesterday in the secondary market, I bought some $RESOLV and made two significant mistakes❎,
Mistake One: Ignoring the overall trend direction! There was nothing wrong with researching the coin itself, CB investment, stablecoin narrative, and having money, but I overlooked the major directional issue. Even if the coin has value, if the environment is wrong, it will inevitably decline passively. Only a few coins can withstand that.
Mistake Two: Not being decisive with stop-loss measures. I already saw the losses, yet I didn't take the stop-loss; instead, I added to my position to average down the cost. In essence, this isn't a problem, but it goes against my trading rule "If you judge wrong, stop-loss immediately," which led to further loss expansion, and ultimately a stop-loss.
Significant loss
