People who are anchored by prices ultimately perish at a single point.

Many people superficially understand stop losses, but in reality, they have never escaped the 'humanity death loop'.

Take a common example: the first time going short, the stop loss is triggered. Unwilling to accept it, they think, 'How could it possibly reverse?', so they wait for a pullback to short again, and continue to lose.

Another wave rises, they short again, and continue to lose... In the end, throughout the entire market trend, you are always going against it,

Your account keeps shrinking, having the wrong direction through a whole trend.

The root of all this is the 'anchoring effect'.

You have already determined a direction in your mind, subconsciously starting to frantically search for every reason that favors you, but the market doesn’t care about your obsession; it only makes you pay tuition.

How did I change this bad habit?

First, completely disconnect the influence of 'previous losses' on current judgments. I only look at 'the signals given by the current candlestick', not 'how much I lost on the last trade'.

Second, after two consecutive stop losses in a single direction, I forcibly stay out of the market to calm down for the third time. I don’t make 'emotional trades', even if I miss a market move, I won’t act out of emotion.

Third, even with a small position, always carry a stop loss, and never chase positions or add to losses after a stop loss. Want to turn it around? You can, but wait for the next clear signal.

Fourth, review trading logs, clearly write down the reasons for each loss. Don’t deceive yourself by saying, 'I was just unlucky this time', but truly find the cracks in your mindset.

Money is infinite, and there are market opportunities every day, but your bullets are limited; guard your account to have the qualification to wait for the next opportunity to profit.