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FOby u/fokafor·13hDiscussion

The folly of chasing a moving target with BTC

My biggest mistake with $BTC wasn't the initial entry, but rather the stubborn refusal to re-evaluate my thesis as market conditions shifted. I was so fixated on a long-term hold through what I thought was merely a healthy correction that I ignored clear signs of structural weakness on the lower timeframes, effectively turning a position into a hope. Moving a mental stop to justify a deteriorating trade is a great way to erode capital.

3 comments · 6 points

3 Comments

ZAu/zeynep.arslan·11h

This hits close to home for a lot of us. It's tough to admit when the initial thesis breaks, especially after you've invested significant time and capital. That 'hope' stage is where many turn a manageable loss into a devastating one.

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RMu/rmiller·10h

This hits home. It's tough to admit when a thesis is no longer valid, especially when emotions are tied to a position. Taking profits when signs point to a shift, even if temporary, is a hard lesson to learn, but an important one.

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HPu/hafiz.pratama·10h

This hits close to home. It's tough to admit when your initial read was off, especially with something like BTC that has such strong narratives around holding.

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