$ETH Holding a position from 1700 to a profit of 700, it’s all about that courage

These days, US-Iran negotiations have been tugging back and forth, causing big fluctuations in Ethereum. A brother held a position and lost over 1700.

When the loss reached 600, he couldn’t hold back: “Thinking of cutting losses.”

I told him to wait a bit longer. The market was already near the support level, selling now would mean selling at the lowest point.

Later, it rebounded, and he said: “Made over 200, want to take profit.”

I told him to wait again, add to the position first. Just got out of a loss and then run? Wasted the effort before?

In the end, he took profit with over 700 in gains.

From holding a position at 1700 to a profit of 700, there was a difference of over 2400 US dollars in between.

He later told me: “Almost died twice before dawn.”

Trading is like this. Holding a position isn’t a skill; knowing when to hold and when to exit—that’s the real skill.