Holdings FOLKS has gone through a rather heart-wrenching process. What initially seemed like a good opportunity to make money ultimately turned into a loss due to fluctuations in mindset. What does this result indicate? It actually means — the understanding is still not enough.
This operation detail can clearly illustrate the problem. The take-profit target was set at 7.92, but it only rose to 7.5, and there wasn't enough time to properly protect against risks. So what was the result? In the end, it couldn't hold on. To be honest, a loss is a loss; there's nothing to complain about. Don't blame the market, don't blame the market makers; it's just that my judgment and execution had issues.
The last feeling - today's operations are indeed more cautious compared to before. However, to be honest, the live broadcast was a bit long, and by the afternoon, many people had stopped following. I just want to update everyone with my latest thoughts through this post.
This order serves as a significant lesson. In the trading market, risk management is often more important than judging the direction.
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SchrödingersNode
· 5h ago
7.5 didn't even reach, the mindset really needs to be practiced
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To put it bluntly, it's still about not being fast enough, losses are just experience points
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I haven't done well in Risk Management either, your reflection has woken me up a bit
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This wave from FOLKS is indeed heart-wrenching, but recognizing the problem is already beyond most people
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Set a take profit at 7.92 and ended up dropping at 7.5, this operational rhythm is indeed a bit uncomfortable
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When can the mindset really stabilize without fluctuation, that's when it can be considered as truly starting out
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Insufficient cognition + poor execution = loss, I'm too familiar with this equation
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After the lunch break in the live channel, everyone ran away, I understand your feelings
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The key is still to build your own trading system, otherwise you'll always be changing your cognition
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If you couldn't hold on, then you couldn't hold on, at least not many people dare to face this result
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consensus_failure
· 5h ago
The take profit wasn't maintained, and I still need to learn to accept this hurdle of losses.
If it’s a loss, then it’s a loss. Complaining is useless; the key is to keep the right mindset.
The difference between 7.5 and 7.92 is so small, yet it caused a total breakdown, a typical mindset issue.
Risk Management has been mentioned so many times, yet it’s still easy to mess up when it comes to actual operations.
This afternoon's live stream was indeed lengthy, but this lesson was worth it.
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digital_archaeologist
· 5h ago
Take profit hasn't been reached, can't hold on any longer, this mindset really needs practice
7.5 minus 0.42 is all gone, indeed a bit harsh
Insufficient understanding is a valid point, but execution is also a big problem
Risk Management is indeed the way to go, more effective than just being accurate in direction
Consider this loss as tuition, see you next time
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AirdropDreamBreaker
· 5h ago
Well, that's why I would rather earn less and stay alive first.
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Just cut it at 7.5, why wait for 7.92? I really can't understand this kind of operation.
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Lack of understanding is really heartbreaking, I've experienced this feeling too.
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To be honest, risk control is harder than selecting coins, I deeply feel this.
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Talking for too long in a live stream can indeed lead to falling behind, it's better to update thoughts like this.
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I also followed this coin FOLKS, but in the end, I didn't enter a position, looks like I dodged a bullet.
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If you can't hold on, you can't hold on. The most fearful thing about losing money is self-deception.
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You are much more cautious now than before, this in itself is progress, right?
Holdings FOLKS has gone through a rather heart-wrenching process. What initially seemed like a good opportunity to make money ultimately turned into a loss due to fluctuations in mindset. What does this result indicate? It actually means — the understanding is still not enough.
This operation detail can clearly illustrate the problem. The take-profit target was set at 7.92, but it only rose to 7.5, and there wasn't enough time to properly protect against risks. So what was the result? In the end, it couldn't hold on. To be honest, a loss is a loss; there's nothing to complain about. Don't blame the market, don't blame the market makers; it's just that my judgment and execution had issues.
The last feeling - today's operations are indeed more cautious compared to before. However, to be honest, the live broadcast was a bit long, and by the afternoon, many people had stopped following. I just want to update everyone with my latest thoughts through this post.
This order serves as a significant lesson. In the trading market, risk management is often more important than judging the direction.