Have you ever made a trade and TOTALLY messed it up. Well, welcome to my life and my recent $ZCL (ZClassic) trade. Let's analyze what I did and how I totally ignored my key principles because I got greedy.
Here are my thoughts on the ZCL trade and how I messed it up:
I had a plan going into the trade.. And I didn’t follow it
Why didn’t I follow it? Because I got greedy. Simply put. I hit my profit goal, but didn't take profits because I thought there more more left in store.
I listened too much to what other people were saying and because of that I took an L
What did I learn? Don’t hold all the way into a fork. Even if you like the coin, ditch it prior to the fork and buy back in prior to (at least that's what I would do next time)
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