2026-01-15 17:44:48

Many people think that the key to winning or losing in trading lies in bottom fishing, but that's not the case. Entering the market at any random price point to try your luck and make money is not surprising. What truly determines profits comes later—the way you hold your position and when you close it.

Take a recent example. LTC went long at $76, and yesterday it exited at $79.5. It looked pretty good, with smooth entries and exits. But today, the price has already fallen back to around $75. If you hold on stubbornly, your paper profits will evaporate instantly. Conversely, closing earlier, even if you didn't catch the highest point, ensures you lock in the gains you deserve.

This is the difference. Not everyone can accurately predict the highest or lowest points, and that's okay. Managing your position size, setting proper take-profit and stop-loss levels, and knowing when to step back completely—that's the real trading skill.

LTC4%

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CryptoCross-TalkClub

· 01-15 18:14

Laughing to death, this is exactly why I am still alive. Take profit and stop loss—it's easy to say, but actually executing it hurts even more than cutting losses.

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AltcoinMarathoner

· 01-15 18:08

just like mile 20 in a marathon, knowing when to take that water station matters way more than the sprint start. exit discipline is where most degens fail, ngl.

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DegenWhisperer

· 01-15 18:01

Basically, greed harms people. Chasing higher prices can really make you feel like going bankrupt. This example with LTC is perfect—selling early for guaranteed profit vs. holding on and watching it evaporate. The outcome is obvious, okay? Take profit and stop loss might seem simple, but when it comes to actually executing, who can really do it? ...I, for one, can't do it.

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DegenDreamer

· 01-15 17:51

Really, the strategy of bottom-fishing is outdated. The key is to know when to run. LTC is a very typical example; greed for a two-dollar difference resulted in a complete loss.

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RugpullSurvivor

· 01-15 17:45

There's nothing wrong with that. The strategy of buying the dip sounds fancy but is actually just a gambler's mentality. The real way to make money is through execution. If you need to run, do it quickly. Greed is the most deadly thing in the crypto world.

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