$DYDX My legs are about to snap, fam. Missed out on a double profit.
#DYDX How do I hold onto winning trades? I opened the position at 1:10 PM, and in less than 5 minutes, I watched my account drop into a floating loss of over 20%. Fear gripped me, pushing me to close the position. Just as I was about to hit the close button, I thought, 'Let me light a smoke first.' As soon as I lit it, my account jumped to a 150% profit. This is how thrilling the crypto world is. I immediately hit the close button. 10 minutes, over 150% profit—at that moment, I felt like the Wolf of Wall Street, with the world in my hands. Then came a massive red candlestick, and at that moment, my legs felt like they were breaking. I ended up missing out on a double profit.
Trading is a true test of human nature, whether you can align your actions with your knowledge. Even with stop-loss set, the fear of losses pushes you to close early. Your luck forces you to keep raising your liquidation price. You can’t hold onto winning trades because you’re scared of losing even a bit of profit on a pullback. Trading is counterintuitive. So to succeed in trading, your mindset also needs constant work.