My friend, let's call him X, has been in the crypto space for about six years. He understands charts but has struggled with emotional management, as have I at times.

X has made some small progress, but has also experienced a few significant setbacks. Fortunately, he has never been liquidated.

X often finds himself in a good entry spot on an ascending crypto asset, but as soon as his profits reach $150, he convinces himself not to be greedy and exits the trade. When the trade goes against him, he holds it, hoping for a reversal, rarely using a stop-loss. Fortunately, he often ends up with a small loss or the trade recovers.

X often wonders why his losses on losing trades can skyrocket to over $500, while his gains on winning trades rarely exceed $400. The answer is simple: on winning trades in a bullish market, it's best to ride the wave until you notice a breaking trend line or other sad news. Happy Trading