What truly destroys you is not the liquidation, but the stubbornness
The most painful part of liquidation is never how much money you lost.
It's watching your account go from profit to loss, and then to zero, as you gradually crumble.
You know you should stop the loss,
You just can't accept the loss.
From 'there's still hope' to 'it's all over',
Sometimes it's just a single candlestick, or even a matter of a minute.
And in that minute,
You're not thinking about how to remedy it, but praying—will it bounce back?
And then it’s gone.
The market never punishes ignorance, only punishes the refusal to admit mistakes.
Stop fantasizing that 'it will come back', the market never waits for anyone.
You must learn to decisively admit your mistakes, even if it means getting slapped in the face,
It's a thousand times better than being liquidated.
Making money relies on judgment, surviving relies on stopping losses.
Those who go far are not the smartest, but the ones who can accept losses the best.
