At 1:07 PM today, I bought BTR at 0.067 and doubled my long position. After watching it rise to 0.105, I set two take-profit orders according to my trading plan: "0.091 profit lock | 0.133 take profit."
The logic is very clear: even if the market crashes back to 0.091, I can lock in about 40% profit; if the market continues to rise, I can capture more gains.
🤬 The heartbreaking plot has arrived
I believe that beginners (I am a beginner | I know a lot theoretically, but my practical skills are extremely poor) all have this flaw: the more you watch the price fluctuations, the more you can’t suppress your inner restlessness.
When I saw the price retreat from 0.105 to 0.101, my mind went blank, and I immediately manually closed my position, ultimately selling at 0.1013.
Result? After selling, the price indeed soared, reaching about 0.145. 😭
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!! The reason for recording this small matter is that countless times I missed great results because I couldn't hold on, and this time I must dig deep to find the root cause, so that I can possibly grow and correct in the future!!!
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🧠 Below is a deep review: Why can't I control my hands?
Logically speaking, the strategy has been set (either 0.091 or 0.133), why did I feel the need to intervene halfway?
Just recently studying Buddhist 'Yogācāra', I realized that this simple closing action precisely hit every link of the 'tree of worries'!
In summary: My reckless operation today belongs to 'fundamental worries' (greed, anger, ignorance) driving 'major worries', ultimately leading to behavioral 'forgetfulness'.
1️⃣ 🔥 Greed and 😡 Anger (trunk: fundamental worries)
Greed: Fear of profit drawdown, developed greed for the small gains already obtained (attachment).
Anger: Developed anger over the possible 'profit going to zero' (fear and rejection).
2️⃣ 🐒 Dropping lift (branches: major worries)
Seeing the price drop from 0.105 to 0.1, my heart rate quickened, and I felt restless. This is a typical 'dropping lift' - feeling anxious and unable to maintain calm, the mind has already turned with the situation.
3️⃣ 🧠 Forgetfulness and incorrect knowledge (branches: major worries)
Although I set a take-profit at 0.091, at the moment it dropped to 0.101, I 'forgot the original intention of setting the automatic sell' (forgetfulness), and a delusion arose in my mind: 'If I don't sell now, I will lose all profits'. This is called 'incorrect knowledge' in Yogācāra (wrong cognition).
4️⃣ 🌫️ Ignorance (roots: the source of all)
Why do I panic? The subconscious defaults to 'rising should be linear', unable to accept 'market fluctuations and oscillations'. At the same time, although I know trading is about calculating odds through probability, I still haven't done it, so I don't really know. Only through constant repetition and providing positive feedback to form muscle memory can I ultimately achieve unity of knowledge and action.
z🛡️ Countermeasure: How to 'hold on'?
Since the source of the problem has been found, Yogācāra also provides a prescription - the three-in-one reverse practice of '戒, 定, 慧':
💊 Hold the '戒': Use programming to force replace willpower
Physical isolation: After setting up the orders at 0.091 and 0.133, immediately put down your phone! This is called 'constrained behavior, laying a solid foundation'.
No operation戒: Set rules for yourself: Unless a system order is triggered, any manual closing is considered 'breaking戒', and be strict with self-reflection during review.
🧘 Cultivate '定': Train 'the mind not to turn with the situation'
Calmness training: When you want to hit the close button, realize that the 'urge to sell' is just branches shaking on a tree. Take a deep breath, cut through this impulse with calmness, and maintain a peaceful mind.
💡 Cultivate '慧': Restructure the understanding of 'profit'
Insight into impermanence: Accepting 'profit drawdown' is an inevitable cause and effect in trading. If you cannot accept the risk of dropping from 0.10 to 0.091, you do not deserve the profit from 0.1 to 0.133.
Meaning reconstruction: Shift focus from 'individual profit' to 'whether I fully executed the logic', this is the priceless growth.
💬 Next time I want to impulsively close, I will remind myself with this sentence:
'The urge to close now is because the inner 'greed' wants to possess small profits, and 'dropping lift' makes me unable to bear the fluctuations. If I act, I will be a puppet controlled by 'ignorance'! Cultivation is 'to reduce for the path', to eliminate this bad habit, even if it really drops back to 0.091 to sell, I will have grown a step in '定' and '慧'!
Take pride in 'disciplinary execution' and feel shame in 'this time I guessed right and earned a bit more.'
👇 Interaction time
Have you ever had the experience of watching profits draw down and couldn't help but close? What kind of 'worries' controlled you at that moment? Feel free to chat in the comments, let's review and grow together using Yogācāra.
(Appendix: Yogācāra major worries demystification)
🐒 Dropping lift: Restless inside, unable to be calm
🧠 Forgetfulness: Lost mindfulness, forgot what I learned
🌫️ Scatter: Mind scattered and unable to focus
