The Perils of 'Just One More Trade' in Volatile Markets
Looking back, my biggest mistake with $ETH was the classic 'just one more trade' scenario during a period of extreme volatility. I'd had a decent day, managed to catch a few moves, but then saw what looked like a clear setup for a scalp. My initial entry was fine, but the candle immediately reversed. Instead of cutting it, I told myself it was just a shakeout and added to the position, effectively doubling down on a losing trade. The market didn't care about my narrative; it just kept going. That quick scalp turned into a substantial loss, wiping out a good chunk of the day's gains and then some. The lesson, again, is simple: know when to walk away. Greed, even in small doses, has a way of expanding its footprint if left unchecked.
That 'just one more' feeling is so relatable, especially when you've had a good run and feel invincible. It's a tough lesson to learn about protecting those gains.