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I want to share some honest thoughts about trading.
Many people like to follow KOLs' entry points to open positions, and I used to do that too. Setting take profit and stop loss is normal, but never hold onto a position blindly. If the deviation from the point is too large, it's better to consider adjusting your position rather than stubbornly holding on. (If you're not very familiar with position adjustment, I recommend taking some time to learn the basics, which can help you avoid many unnecessary losses.)
The most important thing is to maintain respect for the market. Volume-driven pullbacks are normal market behavior, and it's not wise to blindly open trades just because you see a trend when you enter the trading room. Sometimes, learning from the market can be more valuable than just getting the entry point.
Honestly, I adjust my positions while watching the charts, entering in batches. The market fluctuates daily between gains and losses, and both longs and shorts are valid. But why not change your mindset and achieve both long and short profits? Making $30-40 each time, two rounds can cover the profit of a big trade.
Position sizing matters—there's a strategy for heavy positions and a strategy for light positions. When adding to a position, do so carefully and methodically.
Finally, the most crucial point: don't operate recklessly. Your capital is real money, not just numbers on an account. Losing money isn't scary; what's scary is taking risks for unnecessary trades. Also, take profits when small profits are available—don't hold on stubbornly, and never hold a position to the end.
I hope everyone in the crypto space can find their own path and steadily earn their own profits.