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Recently reviewed some of my trades on SOL and learned a lot of lessons.
The first trade was not ideal. The unrealized profit just barely reached 50, but I was greedy and didn't take profit, resulting in a quick reversal and a total loss. The second trade had a preset target price, but the unrealized profit was always just shy of reaching it. That day I was out running errands and missed the entire upward move. The third trade was an issue of execution—reacted too slowly, watching the market move but not responding in time.
During that period, I was most focused on cutting losses and was prepared to exit as soon as the price dropped further. Unexpectedly, the market suddenly reversed upward, and my mindset changed. I stopped chasing profits and only thought about whether I could break even, fearing to repeat past mistakes. Once my psychological expectation loosened, I sold off the majority of my position just as the price started to rise.
Now I understand a few key principles. First, when building a position, diversify risk by entering at multiple low points in batches. Second, plan your exit strategy in advance, setting take-profit targets at different price levels. Third, and most importantly—don't hold on to losing positions. Holding on was the real culprit behind my past big losses. When my mindset was good, it seemed fine, but once losses grew, my mental defense completely collapsed.
Next time I will stick to discipline: build in batches at low points, set exit points in advance, and tighten stop-losses. The outcome of trading isn't decided by one or two trades; only by surviving long enough can you see the final result.