The ETH long position was on the verge of doubling my account, but I got greedy and didn’t close in time—now I’m stuck holding the bag... It really proves that human nature is the hardest thing to overcome. I had a clear plan for my exit point, but when the time came, I just couldn’t let go.
Now I’m really conflicted—what should I do with this long position? If I set a stop loss, I might get stopped out when I wake up tomorrow, but what if there’s a rebound overnight? Should I set a breakeven take profit? Or just leave it alone and gamble on waking up to a surprise in the morning?
Honestly, this ETH move is torturing me. What do you guys usually do in this kind of situation? Do you stick to strict discipline or give your trades some room? Any advice from experienced traders would be much appreciated...
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LidoStakeAddict
· 21h ago
Greed is really something else—no matter how detailed the plan is, it all gets forgotten at the crucial moment. That’s just our daily routine.
You should be clear about the probability of a rebound at night. Rather than gambling, it’s better to set a stop-loss and get a good night’s sleep.
Not setting a stop-loss is just gambling. If you win, you brag for two days; if you lose, you regret it for a year. It’s not worth it.
Honestly, you should just cut the loss. Take out some principal and go after new opportunities—isn’t that better than staying stuck here?
Break-even and take-profit sound good, but when it’s time to execute, we still get soft-hearted. It’s better to just close out everything and start fresh.
The feeling of being stuck is even worse than losing money. You were right about the direction, but just didn’t have the luck to buy the bottom.
I remember last time I was this conflicted too. I ended up not sleeping all night, was forced to cut my losses at dawn, and regretted it so much.
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BottomMisser
· 12-04 20:49
Just cut your losses and stop gambling. You won’t get any pleasant surprises from it.
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SorryRugPulled
· 12-04 18:51
Ha, this is a classic case of greed, I've been there too—a lesson learned the hard way.
Just cut your losses, forget about rebounds or whatever. Without discipline, you'll get wiped out sooner or later.
Betting for a surprise? The only surprise when you wake up will be a bankruptcy notice.
You really have to bite the bullet and cut your losses, otherwise it’ll torment you the whole morning.
My current rule is to run the moment my stop-loss line is triggered—no chance to second-guess myself.
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VCsSuckMyLiquidity
· 12-04 18:35
Bro, this is a classic case of greed. I’ve been there too—just take the loss and move on, don’t overthink it.
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A rebound at night? Keep dreaming. Set your stop loss and go to sleep. When you wake up, eat if you’re hungry, do what you need to do.
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It really comes down to one thing: discipline is king. Otherwise, you’ll keep bleeding money again and again.
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From my experience, just get out when it hits your target. Don’t fantasize about a rebound.
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Breakeven stop-loss sounds nice, but it’s just self-deception. Admitting the loss outright feels way better.
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Times like these really test your mindset. Most people will gamble one more time and end up trapped even deeper.
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ETH was indeed wild this round, but no matter how wild it gets, you have to stick to your discipline. A good mindset is the foundation for making money.
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BlockchainBard
· 12-04 18:28
Same old story, plans can never keep up with changes, man.
Stop fantasizing about a rebound. Cut your losses when you need to, or you’ll just watch your money burn.
Strict discipline has saved me many times. Giving things more room is just digging a hole for yourself.
What I fear most is that mindset of wishful thinking—early morning surprises are usually just shocks.
My advice? Set your stop-loss and go to sleep. You’ll have peace of mind when you wake up.
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Moraxfeng
· 12-04 18:28
Either leave immediately, or just set the stop-loss and forget about it.
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TestnetScholar
· 12-04 18:28
To be honest, I've seen too many operations like this, and in the end, it's always the ones who lose the most.
Setting a stop loss is like adding an extra layer of insurance for yourself. Even if there's a rebound at night, you can sleep soundly. Why gamble on this one chance?
You should have gotten out long ago; there's no point in hesitating now.
The ETH long position was on the verge of doubling my account, but I got greedy and didn’t close in time—now I’m stuck holding the bag... It really proves that human nature is the hardest thing to overcome. I had a clear plan for my exit point, but when the time came, I just couldn’t let go.
Now I’m really conflicted—what should I do with this long position? If I set a stop loss, I might get stopped out when I wake up tomorrow, but what if there’s a rebound overnight? Should I set a breakeven take profit? Or just leave it alone and gamble on waking up to a surprise in the morning?
Honestly, this ETH move is torturing me. What do you guys usually do in this kind of situation? Do you stick to strict discipline or give your trades some room? Any advice from experienced traders would be much appreciated...