I’ve listed a few trading rules for myself, now let’s review:
Rule 1: Don’t frequently adjust your positions. My problem lies here—originally holding certain coins that were on a good upward trend, I got itchy when I saw the market and added some breakout positions of popular coins. As a result, before I could lock in profits, a large bearish candle dropped down, and my account was bleeding.
This is a classic trap of chasing highs. Watching others’ coins soar makes it hard to resist switching, but in the end, it often results in buying at high prices. The most challenging aspect of trading is execution—stick to your strategy once it’s set, and don’t let short-term fluctuations throw you off.
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Good morning
I’ve listed a few trading rules for myself, now let’s review:
Rule 1: Don’t frequently adjust your positions. My problem lies here—originally holding certain coins that were on a good upward trend, I got itchy when I saw the market and added some breakout positions of popular coins. As a result, before I could lock in profits, a large bearish candle dropped down, and my account was bleeding.
This is a classic trap of chasing highs. Watching others’ coins soar makes it hard to resist switching, but in the end, it often results in buying at high prices. The most challenging aspect of trading is execution—stick to your strategy once it’s set, and don’t let short-term fluctuations throw you off.