The recent market movement of LIGHT has given me a real lesson. I entered a position at 2.5 dollars, watching it rise to 4.6 dollars, only for it to plummet right after. This kind of "first a bull trap, then dumping" routine has caused many to not withstand it and get liquidated.
To be honest, the most regrettable part is not missing the bottom, but not decisively adding to my position during the uptrend. Looking back now, relying solely on the initial position size won't yield the profits I should have made. This experience has given me a new understanding of the market's rhythm—it's not always necessary to stubbornly hold on during every rebound; sometimes taking profits proactively is actually the smartest way to protect the principal.
Next, I will continue to share recent investment research observations. If you are interested in market trends, feel free to discuss.
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WinterWarmthCat
· 12-23 11:09
2.5 to 4.6, this is a typical Accumulation dumping tactic... Watching others Get Liquidated is actually quite painful.
Increasing the position sounds easy to say, but when it comes to that time, it's all a psychological battle, I've suffered from this loss too.
Take profit is really underestimated, sometimes it earns more than just holding on.
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LightningWallet
· 12-22 18:20
Uh... isn't this just a typical story of chasing the price and getting trapped? If you don't act decisively to increase the position, you should accept it.
Forget it, next time make taking profit the first step, don't always think about getting the full ride.
I've long been tired of this kind of coin like LIGHT, just run when there's a rebound, don't be greedy.
Who hasn't encountered a bull trap followed by dumping? The key is to be ruthless and cut loss to stop loss.
If you didn't hold on during that wave at 4.6, don't regret it now. Thinking about these things early is pointless; keeping up with the rhythm is much more useful than regretting.
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StableBoi
· 12-22 06:50
I just said, this stubborn mindset should have been changed long ago. Missing the opportunity to increase the position hurts more than failing to buy the dip, really.
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FreeMinter
· 12-22 06:44
It dropped from 2.5 to 4.6 again, this trick has been played for so long and it's still the same... The key is I didn't dare to increase the position, really losing money.
The recent market movement of LIGHT has given me a real lesson. I entered a position at 2.5 dollars, watching it rise to 4.6 dollars, only for it to plummet right after. This kind of "first a bull trap, then dumping" routine has caused many to not withstand it and get liquidated.
To be honest, the most regrettable part is not missing the bottom, but not decisively adding to my position during the uptrend. Looking back now, relying solely on the initial position size won't yield the profits I should have made. This experience has given me a new understanding of the market's rhythm—it's not always necessary to stubbornly hold on during every rebound; sometimes taking profits proactively is actually the smartest way to protect the principal.
Next, I will continue to share recent investment research observations. If you are interested in market trends, feel free to discuss.