I found that 99% of retail investors have a fatal bad habit.
They can’t hold on to the price when it goes up, and they don’t stop loss when it goes down
When it goes up, they think, don’t wait for it to go down and let my profit withdraw, it’s mine when it’s in my hands. When it goes down, they always think that I will close the position when I get my money back, and then they will be stuck after waiting, and then they will be liquidated
When the position is liquidated, they feel comfortable, and then they will fall into endless regrets, and start to question themselves and the market, from "I should have known it earlier" to "blockchain scam"
So before opening an order, you must have a clear operation range and plan to control the loss within the range you can bear. Don't feel bad, if the price goes up, you can stop profit in batches or raise the stop loss, so as to reduce the risk of loss without missing the market.
Blindly opening orders and carrying orders will only reduce your life in this market. Only by watching, learning and executing more can you live longer in this market.
