$BTC $ETH
Why is it always about holding onto positions? This is a common flaw among most people!
1. The illusion of "last time I held on and made it back"
Having previously held on through a downturn and made a profit, the brain reinforces this "lucky memory" while selectively forgetting past instances of significant losses!
2. Pain delay syndrome
Setting a stop loss feels like cutting your own flesh, but holding onto a position allows you to push the pain onto your "future self", until forced liquidation shatters all illusions!
3. Self-deception cycle
"The big player will definitely crash the market" "If it drops further, it’s the bottom", using fantasy to numb reality while the account balance silently dwindles.
