$ETH Just yesterday, a new fan found me.

His voice was trembling: "Mr. Cai, my account dropped from 20,000 U to only 3,000 U, I'm about to collapse."

I asked him: "Then why didn't you cut your losses earlier?"

He said: "When it first started to drop, I thought it would rebound, so I waited. As a result, day by day, I lost more and more, and in the end, I couldn't sell at all."

I've heard this sentence too many times.

To be honest, this is the root cause of most people losing money — being reluctant.

When the market first drops, they think "just wait a bit longer";

If it rebounds slightly, they feel "I'm still not back to break even";

When it drops two points, they tell themselves "there's no chance to sell";

By the time they realize it, their account has already been hit by dozens of points.

It's not that the market is too harsh, but that you are too soft-hearted.

Remember — this is not trading, this is waiting to die.

The market will never give you a chance to rebound just because you are reluctant.

Mature traders write their script the moment they place an order:

When it drops to a certain point, cut it off, never hesitate.

If wrong, admit it, and start over immediately.

Unless you truly understand value investing, otherwise short-term trading —

Cutting losses is the bottom line.

Trading is a long-distance race, if you want to live longer,

You must first give up the fantasy of "waiting for a rebound."

Because the longer you wait, the deeper the pit.

Remember, what can save you is not the next wave of the market,

But the profit and loss limits you set in advance.

It's hard to rely on one person, exploring alone is too tiring. Following the rhythm and seeing the direction clearly,

You will have the opportunity to go further.

The direction is set, it just depends on whether you dare to keep up.