GPS this coin, I recently placed a bid. To be honest, the biggest test when trading small-cap coins is your mentality and discipline.
My approach is very straightforward—transparent and open positions so I can keep track of everything. The key is to master two points: stop loss and take profit.
There’s no room for negotiation on stop loss; it must be set in advance. Don’t wait until the price drops by half and then still hope for a rebound—that’s a real loss. As for take profit, I usually adjust flexibly based on market conditions, but I have a reference framework in place to prevent greed.
The biggest danger in trading isn’t loss itself, but losing without a plan during losses. Setting up defenses in advance allows you to survive longer amid volatility. I hope everyone can find their own rhythm and achieve steady gains.
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CoconutWaterBoy
· 9h ago
You really have to be ruthless with stop-loss; otherwise, it's just gambling. No doubt about it.
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QuorumVoter
· 9h ago
I've suffered losses on stop-loss before and have deep experience... However, I haven't really paid attention to this coin GPS. What's your cost basis?
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BetterLuckyThanSmart
· 9h ago
Stop-loss is indeed a watershed; many people lose out because they can't bear to cut this one.
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ExpectationFarmer
· 9h ago
When it comes to stop-loss, if you don't set it properly, it's really like suicide. I've seen too many people hoping for a rebound.
GPS this coin, I recently placed a bid. To be honest, the biggest test when trading small-cap coins is your mentality and discipline.
My approach is very straightforward—transparent and open positions so I can keep track of everything. The key is to master two points: stop loss and take profit.
There’s no room for negotiation on stop loss; it must be set in advance. Don’t wait until the price drops by half and then still hope for a rebound—that’s a real loss. As for take profit, I usually adjust flexibly based on market conditions, but I have a reference framework in place to prevent greed.
The biggest danger in trading isn’t loss itself, but losing without a plan during losses. Setting up defenses in advance allows you to survive longer amid volatility. I hope everyone can find their own rhythm and achieve steady gains.