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While I don't trade frequently, I like to observe other traders' mistakes to remind myself to avoid them. I support using small amounts of capital to identify trends and leverage them for potentially large gains, but I absolutely do not support the opposite: using large amounts to gamble on small profits. Recently, I've frequently seen people on BN's public trading forums opening positions of 2 million USDT just to earn 3,000 or 4,000 USDT. They can't even wait to close a 10,000 USDT profit before taking profits, resulting in a return of less than 0.5%. Taking a small profit and running is bound to lead to losses in the long run. Furthermore, I've noticed that many people don't have stop-loss orders when the trend changes too quickly and they experience floating losses, eventually giving up and losing 100,000 or 200,000 USDT. If you can't hold onto profits and endlessly bear losses, it's a losing proposition from a probabilistic standpoint. If you can't overcome this human weakness, you're better off simply accumulating coins. When there's no clear trend, like right now, less trading means fewer mistakes.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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