Recently got some messages from traders stuck in the same cycle, asking what actually works to break it.
Here's what helped me:
Set your position size BEFORE hitting that buy button. Seriously. Most regret? It starts when you wing it. I'm talking exact numbers - how much you're putting in, where you're cutting losses (could be a price level, time limit, or specific market reaction).
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HodlOrRegret
· 11h ago
To be honest, this is a hard lesson learned. Not planning my position sizes properly was really the start of losing money.
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AirdropHarvester
· 12h ago
Seriously, not setting a stop-loss in advance is just suicide. I've seen too many people suffer the consequences of trading based on emotions.
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HappyMinerUncle
· 12h ago
That's right, I used to mess around with my positions, and it wasn't until I lost half my account that I finally wised up.
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MeltdownSurvivalist
· 12h ago
Haha, setting the position size in advance really hits home for me. I'm exactly that idiot who just wings it.
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ForkLibertarian
· 12h ago
Daring to go all-in without setting your position size properly? I've seen too many accounts blown up like this, haha.
Recently got some messages from traders stuck in the same cycle, asking what actually works to break it.
Here's what helped me:
Set your position size BEFORE hitting that buy button. Seriously. Most regret? It starts when you wing it. I'm talking exact numbers - how much you're putting in, where you're cutting losses (could be a price level, time limit, or specific market reaction).
Impulsive sizing kills accounts. Pre-planning saves them.