Good afternoon dear binance family. People keep holding on t | Nena Rousu zQF8 on Binance Square

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Nena Rousu zQF8

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Good afternoon dear binance family.People keep holding on to losing trades without understanding what candles are doing.
If a candle closed against your direction, just close the trade or at least reduce a portion of the trade.

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How to control your emotions in trading:

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99% of people don't know when to sell cryptocurrencies and realize profits - here's a guide They just buy the coin and don't even know when to take profits. The result? They regret not selling and lose motivation. In this post, I discussed profit-taking strategies that can help you with this growth: First of all - why is a profit-taking strategy so important? Well, in the rapidly changing cryptocurrency markets, huge profits can appear and then disappear faster than you can blink. You need to secure profits through occasional profit-taking, otherwise you risk destroying your portfolio. The basics are simple enough - set target prices in advance at which you plan to sell portions of your assets. But blindly applying fixed targets without flexibility can cause you to miss out on big gains or hold onto significant losses. Here are some professional tips to enhance your profit-taking approach: 1️⃣ Sell from positions at various, incremental targets as the price rises. For example, sell 20% of your tokens at 2x, 30% more at 5x, and hold the remaining 50% further. This allows for continued participation in the gains while realizing some profits. 2️⃣ Raise stop-loss orders up as the price rises to secure profits. But don't let yourself get stopped out prematurely - use patience and ease. 3️⃣ Carefully monitor price movements and indicators for signs of trend exhaustion, such as bearish divergences on RSI, declining volume, loss of momentum, etc. Then reasonably take some profits from the market. 4️⃣ If the entire cryptocurrency market starts to look uncertain, take some tokens off the market to stabilize your portfolio. You can always re-enter on dips when conditions improve.

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Beware these are the main risks of crypto:

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some greedy persons😉

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The Myth of Stop-Loss: Why It Can Destroy Your Capital In trading, it is often repeated: "Always set a stop-loss." This tool is presented as an essential safety belt, intended to protect the portfolio from excessive losses. But the reality is more nuanced: if misused, the stop-loss can become a real trap. Let’s see why. 1. The stop hunt: the weapon of whales Markets, especially in crypto, are extremely volatile. "Whales" (large players) know exactly where the majority of traders place their stops. As a result: a brutal movement sweeps through these levels, triggers your orders, and then the price goes back... in the right direction. 👉 You lose while your analysis was correct. 2. The false sense of security Placing a stop-loss is reassuring. Many traders then believe they can increase the size of their positions, as they feel "protected." But if the stop triggers, the loss is that much heavier, because the position was oversized. 👉 The stop then becomes a psychological trap. 3. The risk of slippage A stop-loss is not a guarantee of exit at the expected price. In the event of a sharp drop or market gap, the order can be executed much lower. 👉 You thought you would lose 3%... sometimes you lose 8, 10, or more. 4. Capital erosion through small losses A stop that is too tight, placed randomly or too close to the entry, leads to a series of small losses. Each one seems insignificant, but accumulated, they slowly destroy capital. 👉 Many traders give up not after a big crash, but after a succession of unnecessarily triggered stops. 5. The abdication of responsibility Relying solely on the stop-loss relieves one from thinking about a real exit strategy. One places their order "by reflex" without analyzing volatility or market structure. 👉 This amounts to delegating one’s discipline to a simple automatic order... and the market loves to punish this lack of rigor.

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