Jingyi's Brief Discussion --- Timely Loss Cut is Profit
The most painful part of trading B is not the loss itself, but knowing you should cut your losses yet still holding onto hope, resulting in deeper losses. You tell yourself, 'Just wait a bit longer, I’ll sell when it rebounds,' but the market won’t change its trend based on your expectations. In the end, a small loss turns into a big loss, or even a total loss.
Why is it so hard to cut losses? Because human nature abhors loss, and the feeling of cutting your position feels like admitting failure. But true failure isn’t losing money; it’s losing the opportunity to turn things around. The market won’t always provide you with an opportunity to recover, but it will definitely punish those who refuse to admit their mistakes.
Cutting losses isn’t giving up; it’s protecting your capital. The crypto world is not short of opportunities; what’s lacking is the capital to survive until the opportunity arises. The discipline of top traders isn’t about winning every time, but never hesitating when it’s time to cut losses.
Remember: The loss you can bear is the profit you can earn. Set your stop-loss, execute it strictly, and don’t let emotions ruin your trading career. If you’re unsure, you can follow Jingyi! Personal advice, for reference only!
