Conan SOL
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Must-read for retail investors! If this habit doesn't change, the crypto market will always be handing out money to the market!
The most heartbreaking truth in the crypto world: 99% of retail investors fall into the same trap! Clearly watching the price of coins plummet, yet they hold on tightly without selling, always thinking 'just wait a little longer to break even', but end up getting trapped deeper!
I understand this mentality all too well! When the crypto first drops, I think 'I'll sell on the rebound'; if I miss the rebound, I feel 'it hasn't dropped much, let's wait and see'; by the time it drops by several points, I panic completely and just lay back and give up. What’s the result? All the money I made before is gone, and in the end, I take a huge loss!
Here’s a harsh reality: Not cutting losses is like gambling your hard-earned money on luck! I’ve gone through the trading records of those big players, and why can they eat well for a long time? The core reason is simple—admit you’re wrong immediately! If it breaks the stop-loss line, cut positions more ruthlessly than anyone else, and never drag your feet.
Of course, unless you really believe in the long-term value of a particular coin and dare to buy more as it drops, otherwise, never gamble on luck! Remember, trading is a marathon, not a game of poker to decide wins and losses. Before opening a position, you must set your stop-loss level firmly! Don’t wait for the market to teach you a lesson; by then, the tuition will be too expensive!
The most heartbreaking truth in the crypto world: 99% of retail investors fall into the same trap! Clearly watching the price of coins plummet, yet they hold on tightly without selling, always thinking 'just wait a little longer to break even', but end up getting trapped deeper!
I understand this mentality all too well! When the crypto first drops, I think 'I'll sell on the rebound'; if I miss the rebound, I feel 'it hasn't dropped much, let's wait and see'; by the time it drops by several points, I panic completely and just lay back and give up. What’s the result? All the money I made before is gone, and in the end, I take a huge loss!
Here’s a harsh reality: Not cutting losses is like gambling your hard-earned money on luck! I’ve gone through the trading records of those big players, and why can they eat well for a long time? The core reason is simple—admit you’re wrong immediately! If it breaks the stop-loss line, cut positions more ruthlessly than anyone else, and never drag your feet.
Of course, unless you really believe in the long-term value of a particular coin and dare to buy more as it drops, otherwise, never gamble on luck! Remember, trading is a marathon, not a game of poker to decide wins and losses. Before opening a position, you must set your stop-loss level firmly! Don’t wait for the market to teach you a lesson; by then, the tuition will be too expensive!
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