#BTC A few years ago, I started investing in cryptocurrencies, and 4 days ago, I felt confident for the first time to make two trades. I was up $7 (eth) and $15 (btc), but I let it go thinking that the increase was imminent. It dropped, and I waited again; it rose, and I had the opportunity once more to take a profit similar to the one I had before, but I didn’t take it. The same thing happened to me a third time, but my greed canceled my common sense and judgment again. I believe I haven’t capitalized on the lessons from these years, and definitely, as long as I maintain my ambition, trading will not be for me.
I set stop losses knowing when I am willing to lose, but I know that the smartest thing is to hold, waiting for a new dump. If that doesn’t happen, the SL will be my “contingency.”
The lesson is simple and clear: capitalize on mistakes as learning and put it into practice. I have done it, but the hard part is being persistent and maintaining that mindset.