With my reinsurance strategy of moving the stop to breakeven and reducing the position, it often happens that even if the position was opened correctly, but I walked away from the computer - the position closed at a stop in profit and the price continues to go to the desired level
Sometimes the price comes back and gives a chance to enter from an even better level, but sometimes there is no point in opening a new position - this is like when you are late for the flight and the plane is already in flight
As in reality, if you don't board a plane on time, you don't try to run after it, trying to jump into the cabin, this is only possible in movies, and only with trains
Crypto market is far from a train, and not even an airplane - it's really a rocket
So if the price already went up or down and reached the level where you planned to close your sweet profit
what to do
Simple - look for a coin that is still marking time, compared to other coins
Today I didn't have time to re-open a long position on $ADA at the opening New York session and stayed with my 50% profit from the first long position
but I really wanted to participate in this hype
To be honest, I only have 10-15 coins to choose from, which allowed my strategy to work well
Therefore, the search was very fast - finding the coin that is in red - analyzing the spot, futures and chart took only 3 minutes
Today $AVAX was very suitable for opening a long, which is what I did
While all my coins went up and reached possible levels for my closing in profit, AVAX was marking time, loading itself with longs
Thus, you can prevent FOMO when the price has already gone up or down
And moreover, in this way you can find an opportunity to compensate for the loss if a position was opened in the wrong direction
Don't sit with one coin, be more flexible and look for another opportunity
