Every time I finally manage to accumulate some profit, I end up endlessly testing trades, and the fees and slippage slowly eat away at my account. This time, I watched nearly half of my profit evaporate right before my eyes.
Looking back now, if I hadn’t stopped out at cost on that SOL move from 141-147, but had instead decisively closed at the top, my drawdown would have been cut by more than half. At least I didn’t mistake unrealized gains for real money back then, so my mentality was still okay.
The shrinkage of profits is secondary; what frustrates me the most is missing out on such a smooth downtrend. The trend was right there, but I was stuck fiddling with test trades—a classic case of making gains on paper without real profit. This kind of ineffective operation is honestly pretty embarrassing.
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ser_ngmi
· 1h ago
Test orders really are account killers—if you’re not careful, the fees eat up all your profits.
That SOL wave was definitely a pity, but compared to getting liquidated, at least I kept my principal.
Just watching the market and not daring to act feels even worse than losing money.
The accumulated slippage is brutal. Every time I want to try a few more times, it ends up being a contrarian indicator.
I’m all too familiar with making moves that gain index points but don’t make any real money. It’s heartbreaking.
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MoonBoi42
· 12-05 21:08
Test trades really are a black hole for your account—a flurry of fierce operations, but when you look back, it's all just fees.
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CommunityWorker
· 12-05 20:50
Testing trades is really an account killer. Once or twice is tolerable, but if you do it too many times, the fees will eat up all your profits.
It's really painful to say "made gains in the index but didn't make any money." Even when the market gives you free opportunities, you can still miss out.
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SnapshotBot
· 12-05 20:47
Test trades are truly account-draining machines; it's the worst feeling to see profits on the chart but not in your account.
Test trades are just there to eat into your profits. All those small fees add up and your account just cracks open.
That SOL move was definitely a pity, but it's still way better than FOMOing into random trades.
The most frustrating thing is when the index goes up but you don't make any money yourself.
Not being able to stop trading is a common trader problem. Even when you should be watching with a light position, you still mess around with test trades.
Instead of test trades, it's better to just stay out of the market and wait for a real opportunity. Most of the time, test trades just end up as losses anyway.
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WhaleWatcher
· 12-05 20:42
Test trades can drive people crazy. It's not a dream for fees to eat up half your profits.
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Just watching the market slip away right in front of my eyes, it's exhausting.
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That SOL move was a textbook example of a missed opportunity, still messing around with test trades.
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"Unrealized gains aren't real money"—that one hits hard. Gotta admit I'm not good at this.
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Made index gains but didn't make real profits—what a perfect description. That's exactly how I got worn down too.
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There's just one decision between stop loss and closing a position, but the outcome can be worlds apart.
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Test trades are the most toxic. Once you get emotional, you lose everything.
Every time I finally manage to accumulate some profit, I end up endlessly testing trades, and the fees and slippage slowly eat away at my account. This time, I watched nearly half of my profit evaporate right before my eyes.
Looking back now, if I hadn’t stopped out at cost on that SOL move from 141-147, but had instead decisively closed at the top, my drawdown would have been cut by more than half. At least I didn’t mistake unrealized gains for real money back then, so my mentality was still okay.
The shrinkage of profits is secondary; what frustrates me the most is missing out on such a smooth downtrend. The trend was right there, but I was stuck fiddling with test trades—a classic case of making gains on paper without real profit. This kind of ineffective operation is honestly pretty embarrassing.