Story:
Had one massive XRP long all the way before SEC scandal which i closed eventually at BE many months later
There is a syndrome related to holding weak shit for so long due to rejecting the minimized conversion rate (try to run it all back in -the same- trade)
Lesson..
(1) Opportunity Cost
Our brains cant fathom the loss as simply as the win, Thats why it takes 10x the effort to process it.
Closing a losing trade actually needs discipline, conviction (in you, not in the trade), humility, and the constant drive of always being in the hunt
(2) money is not the only cost of a trade
a trade ACB should be weighted into a timebased benchmark
if the performance rate is flat ($0 gain, $0 loss) , why bother wasting energy taking the trade?
if the performance rate is negative, its more a hobby than a business.
(3) have fun holding weak shit just for fun
“Have fun staying poor” was never meant to humble bears, IYKYK
(4) $1 is less than $10 but way better than $0
compare the curve of $0-$1 vs $1-$10 you Will get it
=
Down 90%, play it cool, never allow a trade tu Fully rekt u -100%
5K
2
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.