Many good trading opportunities come from chasing rises. When the price goes up, we hesitate to chase it, and it continues to rise. On the other hand, many large losses are caused by holding onto positions when the price falls; when it drops, we don’t believe it can drop further, yet it continues to fall.
Chasing rises and cutting losses is actually much harder than we think, because of human nature and the lack of mental preparation.
If you feel you have this problem, which has led to missed opportunities, you might want to train your instincts by starting with trades ranging from 10U to 100U. For good targets, buy in immediately with 100U without looking at the price; the feeling of doing right far exceeds the excitement of doing wrong, helping to establish positive feedback. The same goes for positions that are stuck; the hardest part is taking the first step. Once you take that step, you will slowly accept the loss, so that when you encounter better opportunities, you won’t be stuck and unable to act due to your existing positions.
Click on the avatar to see the homepage and follow me. Free communication community, sharing various potential coins daily, helping you to stealthily invest in various hundred-fold coins, allowing you to profit greatly in this bull market and leave with plenty. $BTC $ETH