mentalaccounting

Closing a winning position on Avalanche ($AVAX ) the moment it shows a small profit, simply out of fear that the price will reverse, is a symptom of distrust in your own plan.

By cutting your profits short for the momentary relief of securing a few cents, you negatively alter the mathematical risk-to-reward ratio of your system in the long run.

Letting the trade run toward your pre-analyzed targets requires the mental fortitude that separates professionals from novices.
#AVAX #tradingtips #MentalAccounting