I recently found that 90% of people fall into the same deadly habit. Yes, it's really life-threatening! If you don't believe it, keep reading. #BTC走势分析

Many people buy a coin, and when it starts to drop, they are reluctant to cut their losses, always thinking: "I'll sell when it rebounds a bit."

So what happens? Today it rebounded but they didn't sell, and when it drops by 2%, they think: "I'll wait a bit longer." The next day it rebounds again and drops, they comfort themselves: "There was no opportunity to sell," and when it drops by 3%, they still do nothing. #加密市场反弹

On the third day, it rebounds by 1%, they see that their account is still in the red, and they grit their teeth saying: "I won't sell until I break even!" (Even though sometimes it can indeed come back up, never gamble on such a low-probability event.) In the end, they watch helplessly as it falls several dozen points, not only losing previous profits but also their principal.

This is the most deadly trading misconception—refusing to cut losses. No matter how much you earned before, just one instance of holding onto a losing position can cause all your profits to evaporate in an instant, and you might even lose your principal.

#加密货币总市值 Back to 30 trillion

I have observed many seasoned traders who really make money, and their ironclad rule is: cut losses at the break point, without hesitation, and then reposition for the next trade.

Of course, I don't completely oppose holding onto a position. If it's a value coin that has been deeply researched, it might be worth buying more as it drops (but this situation is very rare).

What’s the key? Before each trade, you must think ahead: "How much can I afford to lose on this trade?" Instead of waiting until it drops and fantasizing: "I'll run when it rises a bit" (in fact, when it really drops, 99% of people can't bring themselves to sell).

Trading isn't about luck; it's a long survival game. If you want to survive in this ruthless market, you must change this deadly habit. Remember to ask yourself before opening a position: "Where is the bottom line for this trade?" Don't wait until your account is a sea of red to regret not pressing that sell button with determination.