Ever catch yourself canceling those take-profit orders the moment price pumps? Yeah, that move. You set up a solid exit plan, chart starts rallying, FOMO kicks in, and suddenly you're thinking "maybe it goes higher." Next thing you know, price reverses and you're watching gains evaporate.



It's wild how many traders sabotage their own strategy when momentum shows up. The plan was solid—P&L target was hit, risk-reward looked good. But seeing green candles in real-time? That changes everything psychologically.

The thing is, canceling TP orders when the chart goes up isn't greed—it's fear wearing a different mask. Fear of missing out can hit just as hard as fear of loss. And both of them are profit killers.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
ProveMyZKvip
· 12-18 22:09
This is just my daily routine... I keep telling myself this time will be different, but I still get slapped in the face for being greened.
View OriginalReply0
PanicSellervip
· 12-16 12:52
Oh no, isn't this just me? I always make this mistake.
View OriginalReply0
SquidTeachervip
· 12-16 01:53
This is the mental obstacle I've been talking about, taking profit orders and canceling all at once results in a complete loss.
View OriginalReply0
SatoshiChallengervip
· 12-16 01:49
Data shows that 87% of traders who cancel take-profit orders will be liquidated within 3 months. Interestingly, everyone thinks they are in that 13% [cold laugh] --- Ironically, those who shout the loudest about "discipline" often start changing their plans as soon as the 5-minute K-line gains one percentage point --- It's the same story again. Their psychological preparation is quite good. Once real market conditions hit, they forget everything. The market is irrational, but can you be rational? --- I just want to know how many people think they've gained insight from my articles, only to repeat the same mistakes next time --- Lesson from history: from 2017 to 2021, every cycle shows that those who cancel their take-profit orders end up losing the most, yet new retail investors keep emerging year after year --- It's not arrogance, I just can't understand why some people always think they can stay sober in front of FOMO
View OriginalReply0
LiquidatedThricevip
· 12-16 01:35
This is me, every time... I clearly hit the take-profit point but still want to gamble a bit more, and end up getting slapped in the face.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)