The sharpest weapon in trading is not the skill of getting out of a tough position, but the discipline of cutting losses. When an account shows a floating loss, the human brain experiences a physiological reaction similar to a drug addiction, driving investors to keep averaging down their costs. Data from the 2015 stock market crash shows that 83% of those who faced liquidation fell into this vicious cycle, ultimately averaging a loss of 62%. True trading masters understand that using a 5% stop loss to protect 95% of the capital is far wiser than futilely trying to recover from deep losses. Soros set mechanical stop-loss lines during his pound battle, and Buffett regularly evaluates exit points for stocks, no matter how long he holds them. This is not cowardice, but a survival wisdom of exchanging limited losses for unlimited opportunities. The market always rewards those who understand 'cutting off an arm to survive.' During the Lehman crisis, hedge funds that strictly adhered to stop losses suffered losses of less than 9%, while those stubbornly trying to recover averaged a loss of 57%. The chips left on the table are the foundation for a comeback. #币安Alpha上新 #美国加征关税 #币安钱包TGE #香港加密概念股