$BTC

Maintain a bearish view, but just need to face it more cautiously.

Originally, trading does not have a 100% win rate, so under the condition of calculating the position correctly, you need to be more careful and cautious. You cannot face chaotic situations with your own assumptions, and you certainly cannot hold onto a position.

Calculating the position correctly means: this is about your maximum acceptable loss amount, which is beyond the stop loss position you expect in a trade.

Chaos refers to: the market is constantly changing, and it cannot be completely predicted or judged. You can only make rough estimates, so when you open a position, you must think about the stop loss location. If the market is in a profitable state according to your plan, then you can consider where to take profit.

Holding onto a position: this should have happened to everyone; some people have moved on, while others are still on the path of "holding on".

If you understand, trading is like a poker table; your capital is your chips, so you won't easily lose chips and won't be frustrated or develop more negative emotions just because you lost once. What you need is a more assured winning chance to profit, not anything else.