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Why do you always sell too early? Because you treat selling as a punishment rather than a reward.
The most regrettable brothers I’ve seen hold a coin that rose from one dollar to one dollar fifty without selling,
rose to two dollars without selling, and when it hit three dollars, they posted on social media saying they had gained perspective.
Later, the coin price dropped back to 1.80 and they panicked and sold,
then it rose again to 2.50, and they slapped their thighs. $BTC
It's not that they don't know how to buy, but that they don't know how to sell.
The fundamental reason for selling too early isn't a lack of technical knowledge, but that there's no clear profit-taking rule in their mind.
Many people see selling as a punishment, thinking that selling means a loss, and selling early makes them a fool.
In fact, selling should be a reward; each sale is a realization of their judgment.
The sooner you learn to reward yourself, the sooner you won't sell too early. $ETH
How to set this rule?
Sell in batches, don’t always try to sell everything at the highest point.
Sell a portion when it reaches a certain increase,
sell another portion after it rises further, and let the remaining profits run.
Even if it drops back later, some profit has already been secured.
Use a trailing stop-loss, don’t watch the price, watch the stop-loss line you set.
When you gain a certain percentage, move the stop-loss above the cost price,
if the price continues to rise, move it up,
and when the price drops below the stop-loss line one day, it automatically sells.
This way, you’ll never sell too early because profits are always following along.
Selling too early isn’t scary; what’s scary is never learning from it.
Set a profit-taking rule for yourself, and when it hits, sell without regret.
Selling isn’t losing an opportunity; it’s earning the reward you deserve.
No gambling involved. $CLO