You have an order that is making a profit of $50. You set a take profit at $200. But when you look at the order, you feel restless, itchy and close it to get $50. On the contrary, when you lose, you wait patiently, sometimes until your account is burned. This is Hyperbolic Discounting.
🔸 The human brain is wired to prioritize Instant Gratification over larger future rewards.
$50 now gives immediate Dopamine.
$200 tomorrow is abstract and uncertain.
As a result you always eat crumbs and miss the biggest waves.
🔸 The strategy of holding the command is not wise:
Vividly imagine the joy of taking profit at $200. Make the future reward feel real in your mind.
Move Stop Loss to Breakeven. When risk is gone, the brain craves immediate reward less and is willing to wait.
🔹 Wealth is the reward for those who delay gratification. Do not let primal instincts rob your fortune.
Are you trading to satisfy an immediate Dopamine craving, or to build sustainable wealth?
News is for reference, not investment advice. Please read carefully before making a decision.
