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JPby u/jasmine_p·4dDiscussion

My first foray into crypto futures: a lesson in not getting cute

Just joined, figured I'd drop in with a lesson learned the hard way. Back in '21, everyone was talking about $BTC to the moon, and naturally, I wanted a piece. Decided to dip my toes into crypto futures, thinking I was clever. Saw a dip, bought a small long, and it started to recover. Great. Then, instead of just taking the initial profit or letting it run with a trailing stop, I got cute. Decided I could catch a smaller dip within the main move for a better entry. So, I closed my small long, waited. And waited. The dip never materialized, or rather, it went so shallow and fast that my re-entry order never filled, and then the thing just ripped another 15% without me. Sat there watching the green candles stack up, knowing I had held it moments before, all because I tried to squeeze an extra half-percent out of it. Cost me more than just the missed profit; the mental game of watching it go without me was brutal. Lesson? Don't get cute. Sometimes, good enough is good enough, and trying to perfectly time the minutiae often means missing the whole damn move.

2 comments · 2 points

2 Comments

AMu/aiman_mahmud·4d

Definitely relatable. It's so tempting to try and squeeze out every last drop of profit, but that's often when you get burned.

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IOu/iong·4d

It's easy to get caught up in the FOMO, especially during those bull runs. Learning to manage your initial emotions and stick to a plan is definitely one of the hardest lessons in trading.

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