GOOD EVENING FAMILY ☕☕
Today, I’m not sharing a "Pumping" screenshot. I’m sharing a reality check. I’m currently stuck in deep losses on my $BTC and $ETH shorts, and I want you to learn from my mistakes so you don’t have to pay the same "tuition fee" to the market that I am.
🚩 The Mistake: Fighting the Giant
I entered SHORT when the market dipped, expecting a deeper dump. But the market had other plans. It pulled back and started a relentless uptrend. Instead of being flexible, I stayed stubborn. I held onto the idea that "it has to dump soon" while the price kept climbing.
🧠 The Lesson: Psychology vs. Strategy
The "Trap of Hope": In trading, "Hope" is the most expensive emotion. I didn't cut my losses because I didn't want to admit I was wrong. By the time I realized the trend had fully flipped, the loss was already "too big" to close comfortably.
Trend is King: Never try to catch a falling knife, and never try to stand in front of a speeding train. If the trend is UP, don't stay SHORT just because you think it’s overbought. The market can stay "irrational" longer than you can stay solvent.
Flexibility over Ego: A good trader isn't someone who is always right; it’s someone who knows how to be wrong quickly. My lack of a strict Stop Loss (SL) turned a small mistake into a major crisis.
My Advice to You:
Respect your Stop Loss: It’s not a sign of failure; it’s your insurance policy.
Trade what you SEE, not what you FEEL: The charts showed an uptrend, but my feelings wanted a dump. Always follow the candles.
Capital Preservation is Priority #1: If you lose your capital, you lose your seat at the table. It’s better to lose 10% today and keep 90% to fight tomorrow, than to hold until 100% is gone.
Stay safe, stay disciplined, and always move with the trend. Let’s grow together. 🚀
