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Well-known trader Killa: Still holding a Bitcoin long position; target price and stop-loss plan remain unchanged
BlockBeats news,October 28, well-known trader Killa posted that he is still holding a Bitcoin long position established near 76400 USD, and that the current trading plan remains entirely unchanged. To capture major market moves, one must patiently endure extended consolidation periods and dull price action. The difference between profitable and losing traders often lies in patience and in whether they can adhere to their established plans as market sentiment changes.
He will not move the stop-loss to the entry price, but will continue holding the position until the target price is reached or the stop-loss is triggered. Traders' frequent changes of stance are precisely why many fail in trading. The key is whether market structure has changed and whether the trading plan needs to be adjusted. Neither has changed at present; therefore, he will not panic, repeatedly second-guess, or waver, but will continue executing the original strategy.
Original link https://m.theblockbeats.info/flash/374016