Renowned trader Killa: Frequent short-term trading can easily miss major market movements; patience in holding positions is crucial.

BlockBeats news, October 23 - Renowned trader Killa stated that repeated market fluctuations and continuous givebacks of position profits and losses often lead investors to close profitable positions prematurely. Previously, Bitcoin's price had repeatedly found support near $62,600, undergoing at least 10 tests before initiating a new upward trend. Similar market conditions easily wear down traders' patience, gradually eroding their confidence in their original swing judgments.

After prices are repeatedly blocked from hitting new highs, many traders abandon their holding strategies and switch to frequent range-bound short-term trading, constantly opening and closing positions. Although this approach may yield some profits, when prices eventually break out of the consolidation range, traders have often already exited early, missing out on truly significant profit opportunities.

Repeated price fluctuations easily cause investors to focus excessively on short-term movements, reacting to every minor change while ignoring the overall trend. Compared to frequent short-term trading for small profits, capturing major market moves often offers higher profit potential. Investors should avoid being distracted by short-term fluctuations, maintain focus on the overall market trend, and reduce unnecessary trading.