Don't trade out of spite; many people lose money in trading because they go against themselves and act out of spite.
For example, after just selling a certain cryptocurrency, it suddenly rises by dozens of points shortly after, and they immediately buy back at the high.
For those trading contracts, when they are bearish, the market starts to rise; when they are bullish, the market starts to fall. They immediately close their positions and open in the opposite direction, repeatedly. This leads to their assets continuously shrinking, ultimately embarking on a long and uncertain path to break even.
Once a trade has failed, one must acknowledge it and immediately cut losses to exit. The key to successful trading is not to lose too much when losing. If one can recognize and cut losing positions, profits will naturally accumulate.
A qualified trader must have the ability to maintain emotional stability.
In a bullish market, who is actually losing money?
