This happens almost regularly, even like a daily meal
But for the vast majority of newcomers, it will be extremely uncomfortable, blaming themselves, developing all sorts of negative emotions, which in turn leads to the habit for the next trading sessions that when the price drops suddenly, they will immediately close the profits and quietly comfort themselves "having profit is already good, better than cutting losses"
But fundamentally, this is a harmful mistake.
If the situation of not closing profits, hitting the SL occurs. Then you should take the time to reassess that trade, see where you went wrong: wrong in assessment, wrong in SL point, wrong in TP point.....then draw lessons for the next trades.
Because if you let that habit become instinct, then in the long run, you will not be able to win against the market, because you accept risks when using leverage 10 times but cannot hold to achieve profits 10 times, that is a dangerous thing
Learn to accept your own mistakes. From there, make the right long-term actions. Turn that into a habit. Only habits can create long-term results.
The biggest mistake in analysis is not whether you analyze and predict correctly or incorrectly. It is how you react to the situation. What often happens here is this:
You draw a chart, and unfortunately, the price goes quite similarly to that chart. Immediately, you think itโs correct and enter the trade exactly as you thought before. Regardless of how the price moves afterward, you almost don't want to think that you are wrong. And immediately, you will have to pay the price.
If you are right, try to gain as much as possible. If you are wrong, accept it and find a way to lose the least.
Always reminding yourself of this will help you develop patience and the ability to control greed when trading. But that's not enough.
You also need to learn not to worry too much about each winning or losing trade. Think simply: whether this trade is profitable or not is not that important. Because success in trading โ whether it's crypto, forex, or any market โ is a long-term game, not determined by a few trades.
One very important thing: Have a stable source of income.
When trading is not your "only means of making a living," you will reduce almost all psychological pressure. At that point, you are simply strolling through the market: If there is a good opportunity, enter the trade; if not, then that's fine.
The market will always be there tomorrow.
So, make sure to study and practice thoroughly before putting your precious money into an account and taking risks in the market.
There is no concept of quick riches here. Sweat a lot on the practice floor, so you donโt have to bleed on the battlefield.
The current overall trend still prioritizes a long-term bearish view. During the retracements, I will focus on observing price reactions at 92.6k and 91.4k to seek suitable opportunities.
The long-term target is expected around 62k, however, actions will only be taken when there are clear signals, not based on intuition.
This perspective is for reference only. Risk management and discipline are always the top priorities.$BTC
Gold and silver prices are reaching new peaks... Safe-haven assets are speaking out while instability persists.
Better to drool than to shed tears. Capital management remains the top priority during this period.
Currently, I see the oil price as quite good, returning to a reasonable price range โ prioritize buying a little, take it step by step, no rush.
๐ Personal opinion โ not an investment recommendation. Those who share the same perspective should follow along, and those with different views should exchange thoughts for fun ๐ค
Btc has been down for a month now, guys, don't try to buy spot anymore. 2027 is the year of bitcoin; this year is still just the year of the gold and silver wave. Wait for it to rise and then short it down $BTC 77k
Gold on the 4H chart, the bullish structure of gold remains intact. The beginning of the week was quite intense, so this phase is a corrective wave rather than showing signs of reversal.
Preferred scenario:
โ Price corrects to the support zone around 4550โ4520 โ Maintains higher low structure on H4 โ Then breaks above the 4630โ4650 zone with a clear close โ Uptrend continues.
If it breaks and holds above 4650, the next target based on extension levels is the 4800 zone.
Strategy: Avoid FOMO, wait for correction โ enter Buy clearly in the 4520โ4550 zone (SL 4470) Or wait for a break above 4650 and a retest before entering (SL 4599) TP 4720 โ 4800
This strategy is for the 4H timeframe, so traders must strictly follow capital management $XAU $PAXG