PART 2.

We continue to analyze the deal that took half of my monthly profit in one attempt. You can find the first part on my profile.

ZEC approached the zone $415, and I entered a long position on the breakout with targets at $420, after which I planned to flip to short with a target of $350. At that moment, the market gave a sharp upward impulse - literally in seconds - and sharply pulled back down. The take profit was not executed, and the position went into the negative.

Despite the irritation, I kept a cool head: the level of $420 was reached, and the sharp selling confirmed my logic. I entered short, hoping for the scenario to play out. However, it was a trap - the market reversed and began an impulse move towards $450.

In such a situation, closing a position is psychologically difficult. Yes, after waiting a few days, one could have exited almost at breakeven. But the market is not obliged to "give a chance." If ZEC had continued to rise to $500, the loss would have increased and for many it would have ended in liquidation.

I accepted the loss and closed the position. And it was the right decision. The lesson is simple: if the idea did not materialize - take the loss. Don’t hope that the market will “come back”.

The only thing that cannot be fixed is liquidation. Everything else is just a drawdown.