GoAllIn
Going all in: if I win, I'll be living the high life; if I lose, I'll be working hard to make ends meet.
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Why is it always easy to take profits but hard to stop losses?
Have you noticed that it's always easy to take profits but hard to stop losses?
Yes, you are not alone; it's hard to decide when to stop loss, but it's easy to take profits, yet often regretting exiting too early. So today, let's talk about why taking profits is easy while stopping losses is difficult.
Take profits for small gains, stop losses for large losses.
Whether for beginners or experts, we all experience 'small gains, large losses,' earning only a few hundred dollars each time, but suffering losses of over a thousand dollars, repeatedly experiencing a return to square one.
Every time you start making a profit, your heart becomes restless: firstly, you hope to make more profit, and secondly, you don't want your profits to shrink. Even if you set an expected profit point, if the market fluctuates slightly and causes a decrease in profit, you will immediately settle and exit, hoping your exit point will be today's highest or lowest point, as only then can you feel your judgment is correct. Sometimes, what was originally a profitable order ends up turning into a loss; after several such experiences, you are further prompted to take the small profit, leading to only small gains.
Yes, you are not alone; it's hard to decide when to stop loss, but it's easy to take profits, yet often regretting exiting too early. So today, let's talk about why taking profits is easy while stopping losses is difficult.
Take profits for small gains, stop losses for large losses.
Whether for beginners or experts, we all experience 'small gains, large losses,' earning only a few hundred dollars each time, but suffering losses of over a thousand dollars, repeatedly experiencing a return to square one.
Every time you start making a profit, your heart becomes restless: firstly, you hope to make more profit, and secondly, you don't want your profits to shrink. Even if you set an expected profit point, if the market fluctuates slightly and causes a decrease in profit, you will immediately settle and exit, hoping your exit point will be today's highest or lowest point, as only then can you feel your judgment is correct. Sometimes, what was originally a profitable order ends up turning into a loss; after several such experiences, you are further prompted to take the small profit, leading to only small gains.
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Should We Add Positions When Trading Contracts?
Yesterday, I wrote an article about whether to set stop-losses when trading contracts. I wonder if everyone has different opinions. Today, let's discuss whether we should add positions when trading contracts.
In fact, this also depends on different situations; one should not just follow the crowd. Just like some people believe contracts should not be touched, while others think contracts are a fantastic trading tool.
Whether to add positions when trading contracts, I think there are two situations. It depends on the trading style whether to add positions or not.
1. We should not add positions; this situation mainly applies to short-term trading. Since it is short-term trading, it means that the direction has already been determined before opening a position. Needing to add positions implies that one's judgment is incorrect, and one should stop losses in a timely manner instead of blindly adding positions, which can easily lead to serious losses or even liquidation.
In fact, this also depends on different situations; one should not just follow the crowd. Just like some people believe contracts should not be touched, while others think contracts are a fantastic trading tool.
Whether to add positions when trading contracts, I think there are two situations. It depends on the trading style whether to add positions or not.
1. We should not add positions; this situation mainly applies to short-term trading. Since it is short-term trading, it means that the direction has already been determined before opening a position. Needing to add positions implies that one's judgment is incorrect, and one should stop losses in a timely manner instead of blindly adding positions, which can easily lead to serious losses or even liquidation.
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Should You Set Stop-Losses When Trading Contracts?
First of all, regarding contracts, many people think they are a terrible threat, but this part of the population lacks understanding. Existence is reasonable; there are probably two types of people who hold this view:
1. Those who have suffered significant losses in contracts may have lost quite a bit of money, or even blown up several positions, leading them to believe that contracts are a terrible threat, and trading contracts will eventually lead to zero.
2. Another type of person is the one who follows the crowd, who has never traded contracts themselves. They see countless discussions online saying 'those who trade contracts are all gamblers, they will eventually go to zero...' Thus, they subconsciously think contracts are really scary and should not be touched.
1. Those who have suffered significant losses in contracts may have lost quite a bit of money, or even blown up several positions, leading them to believe that contracts are a terrible threat, and trading contracts will eventually lead to zero.
2. Another type of person is the one who follows the crowd, who has never traded contracts themselves. They see countless discussions online saying 'those who trade contracts are all gamblers, they will eventually go to zero...' Thus, they subconsciously think contracts are really scary and should not be touched.
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Various MACD Patterns (with illustrations)
1. Golden Cross and Death Cross Patterns
Golden Cross: The MACD fast line (blue line) crosses above the slow line (orange line), a buy signal
Death Cross: The MACD fast line crosses below the slow line, a sell signal
This is the most basic and commonly used MACD trading signal
2. Bottom Divergence Pattern
Forms when the price makes a new low, but the MACD does not make a new low
Indicates that downward momentum is weakening and may soon reverse
This is a strong buy signal, especially in oversold areas
3. Top Divergence Pattern
Forms when the price makes a new high, but the MACD does not make a new high
Indicates that upward momentum is weakening and may soon adjust downward
Golden Cross: The MACD fast line (blue line) crosses above the slow line (orange line), a buy signal
Death Cross: The MACD fast line crosses below the slow line, a sell signal
This is the most basic and commonly used MACD trading signal
2. Bottom Divergence Pattern
Forms when the price makes a new low, but the MACD does not make a new low
Indicates that downward momentum is weakening and may soon reverse
This is a strong buy signal, especially in oversold areas
3. Top Divergence Pattern
Forms when the price makes a new high, but the MACD does not make a new high
Indicates that upward momentum is weakening and may soon adjust downward
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The pullback of $BTC large pancake still has at least a $3000 range, approximately a week in time. Exercise caution when buying the dip.
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The fees on Binance are really damn high, calling it a vampire isn't an exaggeration!
$BTC
$BTC
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$BTC Bitcoin has basically reached its peak in the short term. It is not recommended to do long. It is more cost-effective to wait for the adjustment. Of course, it is not recommended to short. Waiting for empty positions is the best operation. Add a picture
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