Young traders. The goal of trading is to "keep it" (meaning profits). Making it means nothing unless you learn how to consolidate your gains. Riding some rocket up and then crashing on the same rocket -- that is not smart trading.
Stay long enough and it is EASY to make money in speculative markets - commodities, crypto, high flying equities. The HARD part is keeping it.
Next time you catch a rocket ride, REMEMBER, rockets run on fuel, and the longer a rocket flies the less fuel it still has on board.
Having gains for many traders makes them even more bullish on their chosen asset. They buy more -- and end up buying the top.
My advice -- do not pyramid and sell small amounts on the way up
That is my advice for the day
Think I executed this SOL trade nearly perfectly, maybe entry wasn't optimal and I kept monitoring the trade which ultimately made me close the position for 4.1R Not saying that the exit was bad but I should definitely stop actively checking price. Price has no signs of slowing
Market has been on easy mode for shorts. Exploit late longers/delusional bulls while you can in this market ๐
+9R on the day
Might start journaling on here !