【Crypto Circle Truth】Why do you always hold on and not set a stop loss? The answer hurts 99% of people!
Many people enter the market with great confidence: "This time I will definitely set a stop loss, I will never hold a losing position!"
But once the market goes against them, the button is right there, but their hand just won’t press it. Only when the account is in deep loss do they regret and slap their thighs.
Why? In one word: fear, hope, comfort, these three brothers are not in the right order.
First, let’s talk about fear. When a position is floating at a loss, fear spreads through your body like poison: you’re afraid that if you set a stop loss, you’ll cut at the lowest point, afraid of becoming the "last buyer". So you tell yourself: wait a little longer, it might rebound soon.
Then there’s hope. The greatest weakness of human nature is always thinking, "If I just hold on a bit longer, I can break even." Even when the market is clearly crushing in the trend, you still fantasize about miracles, hoping for a reversal in the next candlestick. Hope makes you lose your rationality, treating risk as just a "matter of time".
Finally, there’s comfort. Losing money means admitting a mistake with a stop loss, acknowledging that your judgment was wrong. But holding a position? At least you can comfort yourself: "It's fine, I'm still in the game, I haven't lost yet." This false sense of comfort is scarier than the loss itself.
Fear makes you hesitate, hope makes you procrastinate, and comfort makes you self-deceive. With all three working together, your account becomes a sacrifice.
In ten years in the crypto sea, I’ve seen countless people fail at this hurdle: it’s not that their skills are lacking, but their mindset hasn’t passed. The speed at which the market turns is faster than flipping a book; if you don’t have iron discipline, holding positions is slow suicide.
Remember: not setting a stop loss is not bravery, it’s chronic self-harm. Setting a stop loss is not failure, but a qualification for the next turnaround. Holding a position feels good for a moment, but liquidation brings tears twofold.
Finally, I wish every person who likes, saves, and follows this article can reap abundant rewards in this bull market!
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