In the stage of small capital, the most easily overlooked judgment

Many people who have just entered the circle always focus their attention on whether the "points are accurate"

But after trading for so long, I have increasingly focused on one question:

Is this position worth the risk?

Recently, there was a trade where the direction was not difficult to judge, but the position was not perfect. There was space to go up, but there was also the possibility of a pullback. If it were in the past, I might have entered directly, but now I would rather pause first.

I ask myself three questions:

If I am wrong, how much will I lose?

If I am right, how much can I gain?

Is there a probability of being washed out in between?

If any of these three questions make me uncomfortable, I will proactively give up or reduce my position size significantly.

Later, the market did move as expected for a while, but there were significant fluctuations in between. The emotions of those who chased in were very obvious, while those who waited patiently were much calmer.

In trading, what really matters in the end is not your courage, but whether you can remain calm when things look "very tempting."

This is also why I always say that in the stage of small capital, the most important thing is not to make huge profits, but to survive and develop your judgment skills #BTC何时反弹？