$OM $FLOKI $PNUT
Why do many people like to add positions when they are in profit? Isn't it faster to lose money if the market reverses?
In fact, trading often contradicts our usual thinking. When you think about adding to your position in profit versus averaging down after a loss, which one aligns more with our mindset? Many people usually think about quickly withdrawing their profits, fearing that the money they've earned might vanish; but when they lose money, they often think about waiting it out, hoping that one day they can break even.
This is all because of that little bit of hope and fear playing tricks on us. When the market rises, we fear that the profits will disappear and quickly look for ways to lock in gains; but when the market falls, we dare not admit to a loss, holding out hope that over time we can recover our losses.
Trading, to put it simply, is about challenging yourself; you need to learn to go against your own nature. Adding to positions when in profit is essentially using the money you have already earned as a cushion to seek even greater returns. But to win, you must continuously challenge yourself, not be afraid to cut losses, and also resist the temptation to get carried away and let profitable trades continue.
Only in profitable trades do you have the confidence to keep operating and grow your profits bigger and bigger.
As investment master Livermore said, the money you earn will protect itself, but the money you lose does not have that ability. So if the market situation is good, don’t let fear paralyze you; let your profits run free.
The farther it runs, the better; who knows, one day when you look back, that little profit may have turned into a significant wealth.
In the upcoming layout direction, I will guide everyone to aim for lucrative opportunities in the market, especially those projects with great potential. If you want to make big money in a bull market, like and leave a comment, and I will help you set up for the entire bull market and seize the opportunities together!
