Those who are killed by price anchoring all lose in the same way.
You think you understand stop losses, but in reality, you're stuck in the 'human nature trap.'
Typical self-destructive operation:
The first time shorting, the stop loss gets hit, thinking: 'This must be a false breakout!'
The second pullback, continued shorting, got blown again, cursing the market makers: 'Did they deliberately hit my stop loss?'
The third time seeing a rise, feeling unconvinced, shorting again... as a result, the trend keeps rising, and the account continues to shrink.
In the end, you realize—throughout the trend, you did everything wrong.
Where is the problem?
The anchoring effect makes you stubbornly stick to one direction:
You believe 'the market should fall,' so you frantically look for negative news to comfort yourself.
You keep staring at losing trades, always wanting to 'make back the losses,' but end up losing more and adding to your position.
The market doesn't care how you think; it will wake you up with reality.
How did I change?
Zero-sum thinking
No matter how much you lost in the last trade, only look at the current K-line signal.
The market won't compensate you just because you 'lost a lot.'
Mandatory calmness rule
If you lose in the same direction twice, stop immediately on the third.
Better to miss out than to engage in 'revenge trading.'
Never add to your position after a stop loss.
Lost and want to recover immediately? That's gambler behavior.
Do you really want to trade again? Wait for the next clear signal, otherwise stay put.
Keep a trading log, don't deceive yourself.
For every loss, you must clearly write down 'where the mistake was.'
Was it a technical misjudgment? Emotional overreaction? Or ignoring the trend?
Remember:
Money can never be earned endlessly, but losses can be.
The market has opportunities every day, but your capital is limited.
Stay alive first, then you have the right to wait for big opportunities.
If you want to delve deep into the cryptocurrency world but can't find a clue, and want to quickly get started understanding the information gap, click on my avatar to follow me, Zhuque will help you gain first-hand information and in-depth analysis! $BTC