It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.
Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners. If a trader cultivate the habbit of taking profit during trading he would have an upper hand over the market and also get clearer pictures of better entry points and also be on alert on when to exit especially during retracement.
Yes, I have a deep understanding of what you said about the transaction. There will be a period of continuous profitability. At that time, I think it is really easy to make money. It will not take me long to realize the freedom of wealth. This kind of mentality makes me lazy, even in the days when I don’t check my account for a few days and I have the winning ticket.
Until one day I saw a message stating that Bitcoin fell 30%, which was stupid. The previous profit was not well understood and raised, and even the principal was swallowed. This cost me a lot of money.
What you said is correct, no matter how much you have accumulated, you must settle the bill and put it in your pocket. Keeping vigilance on the market is the most basic attitude.