Let's talk about this heart-wrenching issue. In fact, many times when we make mistakes, we are unwilling to take a loss, which is just fantasizing, not believing our own eyes, and hoping the price will continue to drop so we can break even and sell.
But looking at it from another perspective, if you go against the trend and insist on holding this position, not only will it magnify your losses, but you'll also miss out on future opportunities. If you shorted at a low point and strictly implemented a stop loss, then when the next opportunity arises, regardless of the direction, you can calmly analyze it, find the trend, follow the trend, and recover your previous losses, or even make a profit.
No one can predict with precision; we all judge opportunities by following the trend. In the cryptocurrency market, there are opportunities 24 hours a day. Even what you consider a worthless market has people making money from it. What trading requires is to follow the trend and strictly control risks.
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