Why can you hold onto losses, but not onto floating profits?
Trading is contrary to human nature; you need to go against it to make money. Do you understand?
Many people are only likely to show patience and the ability to 'sit still' when holding a position against the trend; of course, they have to pay a high price for this.
In fact, they should cut their losses decisively and close losing positions immediately to limit the loss amount.
Let's think about it: trading against the trend is like facing a speeding train head-on! So, the next time you're considering establishing a position, or if you already have a position and aren't sure whether to close it or double down, try to think from a practical life perspective:
With the trend = your friend; against the trend = facing a speeding train head-on! What will you choose?
Finding a relatively certain and graspable opportunity amidst seemingly uncertain and random market fluctuations. Knowing when the probability of a successful trade is maximized and the risk-reward relationship is most favorable for speculators.
When should speculators retreat and observe changes, etc.? The most important thing in trading is knowing what kind of market conditions can lead to big profits, which can only yield small profits, and which will only incur small losses. These elements may seem simple, but many people don't fully understand them.
Otherwise, they wouldn't be trading recklessly every day. Once you clearly delineate your profit and loss boundaries through practice and experience a few rounds, you'll realize that trading is just that; the things you can do are quite limited, and more often, it's just about patiently waiting for BTC.
