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Once the market starts moving, new opportunities to make money keep emerging. But there's a trap that many people have fallen into — staying too long on the same coin, investing too much energy and time. If the final returns don't meet expectations, the mindset will first collapse. Once the mindset collapses, the brain starts to malfunction, and decision-making becomes distorted. The most direct result is that all trading operations go haywire. This is why some people clearly see the right direction but still end up losing money in the end. The key isn't whether you've chosen the right trading pair, but whether you can stay clear-headed throughout the process. Greed and impatience are the two most costly emotions in trading.
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Holding for too long easily leads to tunnel vision. I've been there before.
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Mindset is easy to talk about but hard to practice. Honestly, it's just greed.
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So, timely stop-loss is more important than anything else.
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Clear-headed? Ha, when the market rises, no one can stay clear-headed.
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The last sentence is brilliant. Greed and impatience are truly the most expensive lessons.
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I should have understood this principle long ago, but unfortunately, I always realize it too late.
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Don't just look at others' experiences; you'll only understand when it happens to you.