Just now, I got the itch again and wanted to chase that "still looks like it will continue" bullish candle, paused and asked myself: Am I seeing new information, or am I being pushed by the excitement in the group to place an order? Honestly, if all I can clearly articulate is my emotion, then I shouldn't add to my position.



I usually take a quick glance to see where the liquidation piles are on the chain, whether the funding rate has suddenly twisted, whether the trading volume is just fake hype... Many times, the feeling before a waterfall is pretty much the same. Recently, everyone has been complaining again about miners/validators eating too much, MEV causing unfair ordering, indeed, retail traders chasing the rally often end up working for others. Anyway, my current rule is: if you want to chase, write down your position first, write down your stop-loss, otherwise just act as if you're not that sure. That's it for now.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned