Shona Lennert QDoW

#BNBChainMeme Trend Learn to take profits and cut losses. This has been said many times. The market changes rapidly, and you must learn this. It's not difficult to say, but controlling your greed during profit-taking is crucial. A coin won't rise indefinitely, nor will it fall continuously; there are cycles. Therefore, taking profits becomes especially important. Don't say you closed the position too early and missed out on later profits. You must remember that the money in the crypto world cannot be earned endlessly, but the money in your account can be lost completely. Cutting losses means giving up sunk costs, which is also difficult. Do you think that if you hold on for a bit longer, it will reverse? Never think this way.
If you're wrong, you must admit it; take the hits standing up. It may hurt to cut off a limb to survive, but it can truly save your life. When opening a position, ensure you have enough margin for error. The direction may be correct, but if your volatility tolerance is too low, you can easily be thrown off the ride.

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