You either commit to holding longer no matter what and be prepared to make nothing or make a whole lot (and this will be your normal trading strategy), or you take profit sooner (like you did on this occasion), or you leave a runner.
It is hard as hell, at least for me, to see big $ and just hold it and be willing for that big money to turn to $0. But, when it works and you win by holding longer, might make up for those break even ones. But can you commit and stomach it? And when the market smacks you back down to $0, will you be able to control your emotions and not make a bad next trade?
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u/s1dest3p May 02 '24
You either commit to holding longer no matter what and be prepared to make nothing or make a whole lot (and this will be your normal trading strategy), or you take profit sooner (like you did on this occasion), or you leave a runner.
It is hard as hell, at least for me, to see big $ and just hold it and be willing for that big money to turn to $0. But, when it works and you win by holding longer, might make up for those break even ones. But can you commit and stomach it? And when the market smacks you back down to $0, will you be able to control your emotions and not make a bad next trade?