Quote from: Peanutswar on March 09, 2024, 09:00:48 AM

Quote from: pablocokeninja on January 02, 2024, 01:14:50 AM

Also, It is an amount that I honestly don't want to lose since it counts significantly to my capital.
Background story, I have quite the portfolio that would count around 150k$ at current prices, some I sold early and some went greedy and lost.
I did learn a though lesson about patience tho.
Also, psychologically I am done with trading since the lost,

Trading can be an up and down like the market volatility not all the time we are earning free money with the market, you can make a reset if you lose a position at the end of the day you are aiming for the profit. Based on my experience once the BTC gets sleep with the market price movement I hunt other pairs of coins that could be a potential good position, do the basic TA, check if ideal to trade and if you are quite confident to create a position. Every mistake is part of the lesson to trade so you can avoid it next time but if you continuously make this mistake and becomes a habit you are just wasting your money and time.

Well, the mistakes we made before can be a lesson for us so we don't make the same mistakes in the future. But if we still make the same mistakes, then I will start to question whether we learn from experience or whether we never do it, then I agree that is something that just wastes our time and money.
We must be able to minimize every mistake and this can be done from the experiences we have gone through which made us lose a lot of money. We must be able to set a profit target and we must also have a loss target in trading, this will really help to minimize something that we don't want to happen. It is fear and greed, being afraid when we lose and being greedy when we gain.