taking profit is so underrated man. the feeling of realizing your gains is so good, and feeling good = taking better decisions!
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Replying to @redxbt
Truly. Feeling euphoric rn with m7 7400 TPs.pic.twitter.com/21h6boOXOP
2 replies 0 retweets 33 likes -
Replying to @HsakaTrades @redxbt
light Retweeted light
Another perspective: https://twitter.com/LightCrypto/status/1053396919291179009 … The mirror of why people hold on to losers for too long is that people hold on to winners too little. Gains feel good, so we may be more inclined to realize them before the EV-maximizing price.
light added,
2 replies 3 retweets 14 likes -
Replying to @lightcrypto @redxbt
Ones tendency too TP prematurely is also a function of the performance of your past few trades. Got rinsed on your last 5 trades? Size up, hit a winner, uPnL has recouped the losses from the previous 5? Time to TP and undo the losses. Example unrelated btw.
2 replies 1 retweet 18 likes -
Interesting - isnt this revenge trading/not to be encouraged?
1 reply 0 retweets 1 like
Absolutely. Wad just an example of how your psychological frame can, and often does, triumph over objective reasoning.
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Got ya
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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