I found that 99% of the leeks have a bad habit that is fatal! Yes, it is fatal!
When the currency starts to fall, they are reluctant to sell it and always want to wait for a rebound before selling.
Then today it rebounded, but I didn’t buy it. It fell by two points, but I didn’t sell it.
Tomorrow it rebounded and fell, and they said they had no chance to sell it. It fell by 3 points, but they didn’t sell it.
The day after tomorrow it rebounded by 1 point, and they said they wouldn’t sell it if it didn’t go back up.
Now it’s good, it slowly fell by dozens of points, and all the money I made before was gone, and I lost money.
This is not the correct trading method. As long as you don’t stop loss, no matter how much you made before, as long as you make a mistake once, it’s all gone.
If you want to survive in the market for a long time, you must change this bad habit of being fatal, and make a stop loss plan in advance every time you open an order. Instead of fantasizing about “I will sell when it rebounds” after the price falls.
