š„³š„³ 100 Followers and a Lesson: Trust Over Hope
Reaching 100 followers is a milestone Iām grateful for šš„³š, and to mark it, hereās a lesson that has shaped my trading: trust your strategy and abandon hope once a trade is set.
š In crypto, we believe the market will grow over time, despite corrections and fluctuations. But hope alone has no place in executing individual trades. Instead, trust in your strategy and risk managementāespecially your target profit (TP) and stop-loss (SL). Picture each trade as passing through a gate inscribed with: āAbandon hope, all ye who enter here.ā This mental checkpoint reminds us to commit to our strategy and avoid adjusting SLs or TPs on a whim. Just remember, whatever risk amount is at SL level, you already paid those money, say goodbuy to them the moment you click that button šø.
ā ļøBe Disciplined with Losers and Winners
Being strict with both losing and winning trades is essential for staying grounded. For losers, it means setting a stop-loss and sticking with it, rather than hoping for a turnaround. With winners, many trading strategies recommend adding to profitable positions to maximize gains. While this approach can work in more stable markets, the extreme volatility of crypto makes it a different game.
In crypto, price swings can be abrupt and significant, meaning that adding to a winning position could quickly turn against you. A once-profitable trade can go into the red just as fast. For this reason, š”I find it more effective to take profit at my planned TP, locking in gains before the market shiftsš, and then seek out new opportunities from fresh entry points.
ā¼ļøAbandoning hope while trusting your strategy isnāt just a rule; itās a safeguard against the emotional traps that can cloud good judgment.
Thanks to all of you following my journeyāletās stay disciplined, committed, and always on the lookout for the next solid trade.š
