The Deadly Traps in Trading: Why Holding Positions Will Eventually Destroy Your Account?

On the battlefield of the financial markets where no bullets fly, the real contest is never between bulls and bears, but rather a struggle between the trader and their own mind.

When the market goes against expectations, most people choose to hold their positions. This seemingly stubborn persistence is, in fact, the greatest cognitive bias of traders.

1. The market will not change its course for anyone

Trends are like rushing rivers, never changing direction because of a grain of sand. Those who attempt to fight the market by holding positions ultimately become victims under the wheels of the trend. Data shows that over 80% of margin call cases originate from the unwillingness to cut losses while holding positions.

2. Stop-loss is the trader's moat

There is an old saying on Wall Street: "Cut your losses and let your profits run."

Successful traders understand a truth: admitting mistakes is not a sign of weakness, but a necessary means to protect capital. Soros once said: The most important reason I can succeed is my courage to admit mistakes.

3. The greatest opponent is oneself

The market is always neutral; it is neither a friend of the bulls nor an enemy of the bears. When we are stubborn in our opinions, we are actually going against our own understanding. Psychological research shows that 90% of erroneous decisions in trading stem from emotional control issues.

4. Those who follow the trend thrive, while those who go against it perish

Every trend creates two types of people: one is the winner who follows the trend, and the other is the "market fuel" that holds positions against the trend. The choice of which type of person to become often lies in a single thought.

5. Risk management is the eternal principle

From Jesse Livermore to Paul Tudor Jones, the secret to the success of all legendary traders is not precise predictions but strict risk control. Their trading logs show that the usage rate of stop-loss orders is as high as 100%.

The essence of trading is to survive continuously. The market never shows mercy to the stubborn, but always rewards those traders who understand how to assess the situation.

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