If you almost everyone who’s traded for any decent period of time some of the worst concentrated short period losses usually come from trying to chase what your account was worth before at some point, the whole point of this game is making sure your losses are limited while also trying to win, if you switch focus from this primary goal to trying to chase a particular high, net worth ath, it gets really drastic and gloomy really fast
I had 1.14 BTC during the start of Bull run, sold to invest in ALTS , lost it to zero. Took a loan of 6k USD now I have 5k left. Hope i get back to at least 1.14 BTC by the end of this bull run.
Scenario goes like this, you’ve grown your port to 50k in value and say on the day it’s currently up to 58k, +8k on your new trade and for some reason it reverses to -700$ loss so you’re down to 49,300, you think “why not look for something else to run it up to 58k again, and then I’ll close for the day” you open that impulsive gambling black hole and then take one trade $1700 another one +1k and another +600 before -1400 and now you’re full on gambling for what next all of a sudden, couple of back to back losses from scalps it’s at 43,000 and now you’re trying to get back to 50k so you take a rest and it goes and goes and goes, by evening it’s at 31k and you’re sweating and paranoid and done nothing all day, full of anxiety, trying to wonder what went wrong while also looking for one holy grail set up to bet heavy on and get your lick back, and you see something and hit it and maybe another -5k you quickly exit and it reverses and so on, you’ll probably be lucky to end the day at 11,000 some people end up at 0… this is real life, there’s no deadline, unless you die you’ll wake up every day to trade, any day you treat it like do or die you’ll do and no single person will give a fuck except a couple of random accounts on Twitter who’ll reply “you’ll make it back bro dw”
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