Last night, I saw a bunch of large transfers on the chain, moving between exchange hot and cold wallets, and someone interpreted it as "smart money entering the market." I almost impulsively chased a meme narrative myself. Later, I checked the exit plan I wrote before entering, and I realized that if I add to my position based on emotion, I simply can't set a proper stop-loss... That feeling of fear is quite real: it's not about losing money, but about being afraid that I’ll lose discipline when I get excited.



Now, I handle this kind of excitement in a simple and straightforward way: first, set the maximum loss you’re willing to accept, and decide where to exit if the price drops to that point. When it rises, reduce your position step by step. Anyway, I’d rather earn less than rely on "understanding wallet movements" to gamble on luck. To put it plainly, you can follow the narrative, but don’t let your position drift with it. That’s all for now.
MEME-8.59%
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