I took another hit today. To be honest, it's my own fault - I kept thinking about making up for yesterday's losses, and the more anxious I got, the messier it became. Last night before bed, I still had a profit of 7U+ on the books, and I placed a take profit order for 10U and went to sleep. Looking back, if I had just locked in profits then, I would have only lost 5U at most, which would have basically evened things out.
As a result, when I opened my eyes in the morning, the market direction suddenly changed, and it was directly smashed through, triggering the stop loss line, and my 12U long position just disappeared like that. I'm really angry.
Calm down and think about it, I still took too big of a step. In the future, I need to set my take profit target lower and not be too greedy — the mental gap from profit to loss is too tormenting, wasting both time and emotions.
Forget it, make some adjustments, it will take at most three days to recover. Keep going!
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
3
Repost
Share
Comment
0/400
PuzzledScholar
· 12-02 22:02
Greed is truly the number one killer in Cryptocurrency Trading. I’m the same way; I always want to earn a bit more and that’s it.
---
That’s why now when I set my take profit, I force myself to cut half the profit; I’d rather earn less than go from winning to losing.
---
I lost a solid 12 U from a profit of 7 U, and my mindset really collapsed. But your reflection speed is pretty good; unlike some people who blame the market after losing everything.
---
Honestly, the hardest part when the stop loss is triggered is that moment; it feels like I did nothing wrong but still got crushed. Just remember that for next time.
---
I’ve tried to fill the hole too many times; nine out of ten times it just gets bigger the more I try to fill it. You still need to go with the rhythm.
---
The key is not to let emotions affect the next trade; many people start making random moves after losing, and that’s the real hell.
---
Three days to recover? I think adjusting your mindset is even more important than the account numbers recovering losses. Fighting.
View OriginalReply0
DiamondHands
· 12-01 11:51
Greed is really the killer of trading; losing 12U in an instant must be incredibly painful.
View OriginalReply0
TokenomicsTrapper
· 12-01 11:27
nah this is just textbook greater fool theory playing out in real time... dude set a stop at 10U then what, market decides to liquidate him anyway? classic. the vesting unlock schedule probably had this dump penciled in for weeks but sure "three days to recover" lmaooo
I took another hit today. To be honest, it's my own fault - I kept thinking about making up for yesterday's losses, and the more anxious I got, the messier it became. Last night before bed, I still had a profit of 7U+ on the books, and I placed a take profit order for 10U and went to sleep. Looking back, if I had just locked in profits then, I would have only lost 5U at most, which would have basically evened things out.
As a result, when I opened my eyes in the morning, the market direction suddenly changed, and it was directly smashed through, triggering the stop loss line, and my 12U long position just disappeared like that. I'm really angry.
Calm down and think about it, I still took too big of a step. In the future, I need to set my take profit target lower and not be too greedy — the mental gap from profit to loss is too tormenting, wasting both time and emotions.
Forget it, make some adjustments, it will take at most three days to recover. Keep going!