I'm beginning to understand and appreciate one of the maxims of trading...
"Trade what you see, Not what you think" - Some Professional Trader
As you'll see here, I was expecting this trade to net me a return of 12% to 13%. Simply having such an expectation, as this one, is forcing my own results on the market when the market itself doesn't care about my expectations.
So, what did I do when I saw that my trade on ZCASH/BTC was already up 8%?
I closed the trade out, that's what I did! Any profit is good profit after all and plus, most traders (around 95%) lose money. That's not me and won't be me. I'm treating this as any professional trader with a million dollar account would, despite me not having an account that size.
After all, what's the difference between a $100 trading fund and $1,000,000 trading fund? It's just a bunch of zeroes at the end of the day, it's the fundamentals and experience that separates the professional from the amateur.
Happy Trading!
-- Trader D
