Do you feel anxious when you open your account? A 15,000 U position trapped at 8,000, wanting to average down but afraid it will drop further, considering cutting losses but thinking 'maybe it will go up if I wait', staring at the K-line until dawn, the more you think about it, the harder it is to sleep — I just helped a fan through this recently.
He was trapped for two months, asking me every day 'should I sell everything', I said 'don't rush, let's break it down into 3 steps', now not only has he not cut losses, but his account has also recovered over 6,000 U, and he told me yesterday that he finally dared to open his account.
After being trapped, there are two mistakes: either stubbornly holding on until you give up, or blindly averaging down until your principal is exhausted.
Actually, there's no need to rush to 'break even'; first, focus on 'not losing more':
For example, if you are trapped at 12,000 points with 12,000 U, and it drops to 10,000, don't think about 'waiting for it to rise back to 12,000 to sell', first calculate your 'acceptable stop-loss line' (for example, 9,500 points, if it reaches that, sell 1/3 to protect part of your principal);
When averaging down, don't add recklessly, add 1/5 of your position when it drops 10% (for example, if trapped at 12,000, add 2,000 U when it drops to 9,000, which can reduce the cost to 11,000, and if it rises back to 10,500, you won't lose);
Sell a little on every rebound of 3%-5% (for example, if it rises to 10,500, first sell 2,000 U of your averaged down position, cash it in safely, and let the rest slowly run);
The steps I outlined for that fan were these, he was initially afraid of 'selling and then the price goes up', I said 'let's at least recover some, it's better than losing everything', and now he feels more at ease.
Don't think about 'making it all back at once', let's break it down into 'small recoveries':
Day 1: First, protect the remaining 60% of your principal, don't let it drop further;
Every week: Capture small rebounds 1-2 times, recovering 5%-10% each time (for example, with an 8,000 U account, recovering 400-800 U each week, and in two months it adds up to 6,000);
Wait until the account returns to 80%, then consider 'whether to fight back to break even'.
Last week, I helped someone who was trapped with 5,000 U, just relying on 'averaging down 1,000 when it stops falling, and selling when it rises 3 points', within a week he recovered over 700 U, he said 'I didn't expect it to be so stable'.
If you have a trapped position, don't rush to ask 'can I break even', first give me your 'position + cost + how long you've been trapped', and I'll provide you with a '3-day small plan' for free:
Tomorrow, if it drops to which point, how much should be averaged down;
If it rises to which level, you must sell 1/3 first;
Where the stop-loss line is set, I will never let you lose more.
No need to pay, no need to operate immediately, only follow through when you find the plan reliable after reading it. Last week, I provided plans for 3 people, and two have already started recovering.
If you want to try, just comment 'recover', and tonight I'll sort it out for you, don’t let the next morning find you still calculating losses.
