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Well-known trader Killa: Frequent short-term trading can lead to missing major market moves; patience in holding positions is crucial
BlockBeats reports,October 23, well-known trader Killa posted that repeated market fluctuations and the constant erosion of unrealized gains and losses on positions often lead investors to close profitable positions prematurely. Previously, Bitcoin prices found support multiple times near 62600 USD, and only after at least 10 tests did they begin a new upward move. Such market conditions can continually wear down traders’ patience, gradually undermining their confidence in their original swing-trading assessment.
After prices repeatedly encounter resistance when testing highs, many traders abandon their holding strategy and instead engage in frequent range-bound short-term trading, repeatedly opening and closing positions. Although this approach may generate some returns, when prices ultimately break out of the trading range, traders have often already exited, missing market moves with substantial profit potential.
Repeated price fluctuations can cause investors to focus excessively on short-term trends and react to every minor change, while overlooking the overall trend. Compared with frequent short-term trading for small profits, capturing major market moves often offers greater profit potential. Investors should avoid being distracted by short-term fluctuations, remain focused on the overall market trend, and reduce unnecessary trading.
Original link https://m.theblockbeats.info/flash/373414