By vaga007 on Skatehive
At the beginning of my trading journey, I noticed something strange about myself. When a trade was up 5% or 10%, I wasn’t satisfied. I would tell myself: “Why exit now? Maybe it will reach ×2 or ×3.” But when a trade was losing, I behaved in the exact opposite way. I wouldn’t accept the loss and would say: “I’ll wait a little… maybe the price will go back to where it was.” The problem is that the market doesn’t work that way. Small profits I used to let turn into missed opportunities, and small losses I used to let turn into bigger losses. Over time, I realized that trading is not just about predicting the direction. It’s about managing your decisions after entering the trade. A professional trader doesn’t think this way: When they win, they know when to take profit. When they are wrong, they know when to exit quickly. Because the golden rule of trading is: Let profits run… and cut losses quickly. The market doesn’t reward those who simply hope. It rewards those who manage their risk w