TIS_Square
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You used to bear losses like warrior but bear profits like a coward. Why is there such a difference?
The biggest paradox for most traders is that they can endure seeing their account down 50% for months without flinching but just seeing a 5% profit makes their heart race and they click close immediately
🔹 The root cause is the brain defense mechanism when losing we activate hope mode to escape painful reality but when winning we activate fear of loss making us want to realize it immediately
🔸 To hold profits better you need to change your mindset that taking profits early is also a risk because it strips away the opportunity to cover previous losses and ruins the system R:R ratio
🔹 A small tip to hold profits easier is to move stoploss to breakeven or take partial profit 50% when hitting target 1 so psychology is relieved and the rest can be held to infinity
🔸 Remember big profits are not born from entering the right trade but from sitting still long enough when you are right
Do you have enough courage to watch your account grow x5 x10 without the temptation to take profit early?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
🔹 The root cause is the brain defense mechanism when losing we activate hope mode to escape painful reality but when winning we activate fear of loss making us want to realize it immediately
🔸 To hold profits better you need to change your mindset that taking profits early is also a risk because it strips away the opportunity to cover previous losses and ruins the system R:R ratio
🔹 A small tip to hold profits easier is to move stoploss to breakeven or take partial profit 50% when hitting target 1 so psychology is relieved and the rest can be held to infinity
🔸 Remember big profits are not born from entering the right trade but from sitting still long enough when you are right
Do you have enough courage to watch your account grow x5 x10 without the temptation to take profit early?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.