In the crypto world, it's crucial to control your stop losses. Let me share my feelings, which resonate with most traders.
What are the four most painful words in the crypto world?
It's not "90% crash," but "almost got out"
Clearly, the stop loss line is drawn on the candlestick chart,
but when the green numbers start jumping,
your fingers feel like they're glued to the screen with 502 glue —
"Just wait a little longer; it might bounce back!"
"We're already down 30%; cutting losses would be too painful!"
(Inner voice at this moment: I'm not a retail investor; I'm here to buy the dip!)
A psychology professor calls this "loss aversion."
We in the crypto world affectionately refer to it as "gambling mentality."
Watching other people's coins soar,
yours feels like a dead fish.
At that moment, someone in the group suddenly shouts:
"The big players are entering! Price will surge soon!"
That's it, the FOMO (fear of missing out) virus kicks in, and with a shaky finger, you add another 5000 USDT...
🚀 The most ironic thing is,
every time after getting cut, you swear:
"Next time, I will definitely stick to my stop losses!"
But when new opportunities arise,
your brain automatically switches to "cash ability mode,"
completely forgetting the last lesson
(like a love-struck brain that forgets the pain after healing).
💔 In reality, we all know
that what the crypto world lacks the least is opportunities,
but what it lacks the most is a clear awareness of our own humanity.
Rather than lamenting during a crash,
it's better to be a "ruthless robot" now.
Set your stop loss line and act as if it doesn't exist;
if it drops below, it triggers automatically —
after all, preserving your capital is essential for the next round!
Next time you want to increase your position, remind yourself:
"This isn't buying the dip; it's giving money to the market makers!"
"This isn't faith; it's the gambler's self-comfort!"