I've seen too many brothers who are fierce when opening positions but timid as cats when closing them.

They won't sell when it's up, won't cut when it's down, and end up at zero. The only thing missing in between is one sentence: wait a bit more.

1. Knowing how to stop losses but not stop gains is like knowing how to take beating but not how to make gains.
What rookies do best is finally making some profit, then politely handing it all back, and even paying extra on top.

2. What's the most frustrating operation?
Having 100 and not leaving, insisting on waiting for 150;
It drops but you still don't leave, insisting on waiting to break even;
Finally selling in desperation when your wallet is almost empty,
Then watching it rally all the way back up.
This isn't trading, this is tormenting yourself.

3. What's the real difficulty?
It's fighting against your own greed.
That voice in your ear saying "it can go higher" always shouts louder than "time to go."
If you actually sell, you curse yourself for selling too early; if you don't, you get trapped.
No matter what you choose, it sucks. The difference is: suffering once, or suffering forever.

Remember one thing:
There will always be opportunities in the market, what scatters can gather again.

When you hit your target, leave. Don't look back.

Exit in batches, keep some dry powder.

Selling too early isn't shameful, getting trapped is the real pain.

Only what's in your pocket is truly yours.

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