Many high-quality trading opportunities often arise during the process of chasing prices upwards. Many people miss further upward opportunities because they are afraid to chase the prices. Similarly, many significant losses are also caused by holding losing positions; they do not believe that prices will continue to fall, but the result is a relentless downtrend.
Chasing prices and selling at losses sounds simple, but in reality, it is much more difficult to execute than we imagine. This is not only due to human nature but also because we have not done enough psychological preparation.
If you find that you have such problems and have missed many opportunities, you can train your trading instincts through small trades. For example, try small amounts from 10U to 100U; when you find a good investment target, do not hesitate, immediately buy 100U. The satisfaction brought by correct trading instincts far exceeds that of wrong trading, and this helps to establish a positive feedback mechanism. The same goes for positions that are stuck; the hardest part is taking the first step. Once you take that step, you will gradually accept the loss psychologically, so when you encounter other better opportunities, you will not miss out because of being stuck in a position.