Out of sight, out of mind. #BANK
There is still potential for growth, but I preferred to save my nerves and resources.
I closed a losing position that I held for a few days with a small profit.
Could I have closed with a bigger profit? I could. But I see no point in risking it when the coin has already pumped against a relatively neutral market?!
Could I have closed at a loss after waiting 3-5 days of methodical decline? Of course!
But if you follow risk management, liquidations are not scary, and there is always room to average down a position to come out in profit or at least break even, which is what I did.
Friends, be careful! Wishing everyone successful trades!