✅ LEARN THIS! LEARN ON MY MISTAKE !
One of the worst trades I've made in a while.
My mistake is that I succumbed to my emotions this time around much more than I could have imagined
I gave up too soon and locked in a minimal profit. And after that, the price went on to break a series of supports over the next few hours, sending the price of Ethereum to $2360. I fixed 0 profit (compared woth my target) at $2512.
If I had followed my strategy and despite the drawdown and emotions waited beyond the initial targets - I would have earned at least several times more.
Well. It's a bull market. Too much accumulation of the asset is being seen by the big players. ETH was not allowed to fall below $2500 for a long time and the support of the level was defended by the bulls very strongly. But when the price started to pump almost to $2600 - I could barely stand the liquidation and wanted to get out near zero faster (it's emotions, it's a big problem if you want to be a trader).
As a result, I got out very early, thinking that the price will not let it reach $2500 again. But it broke all the supports down and flew off to where we saw. I missed out on a bunch of profits.
That hits the psychology and emotions.
My mistakes: experiencing FOMO + gave up and didn't stick to the trading plan. This is categorically unacceptable. This micro profit could play me badly in the future. I am undermining my own plan and goals.
Don't do the same.
I will stand corrected.
