The essence of holding a position is the obsession of refusing to admit mistakes!

In the trading market, the most dangerous enemy is often not the opposing side, but oneself.

When the price trend goes against expectations, many traders choose to 'hold the position.' They are unwilling to cut losses and instead keep adding to their positions or stubbornly hold on, hoping for a market reversal. However, the essence of this behavior is a lack of self-correction ability.

1. Holding a position = fighting against the market, rather than following the trend.

The market will not change direction just because someone insists. When a trend has already formed, holding a position against the trend is like a mantis trying to stop a car. Whether short or long, stubbornly holding a position will only exacerbate losses and may ultimately face the risk of liquidation.

2. Admitting mistakes is not admitting defeat, but protecting capital.

Many traders are unwilling to cut losses because they psychologically cannot accept 'I was wrong.' But investing is not about saving face; it is a game of real money. Admitting mistakes and adjusting promptly is the true wisdom of trading. No successful trader in history has made money by stubbornly holding positions.

3. Bulls are not the enemies of bears; the real enemy is oneself.

There is no eternal 'bull-bear opposition' in the market, only the continuation or reversal of trends. If the market has already proven your judgment wrong, continuing to hold the position is fighting against the market. The real enemy is not the opposing side but *oneself who refuses to admit mistakes.

4. Choose to be fuel or go with the trend?

The market is never short of 'fuel'—those traders who hold positions against the trend and ultimately get liquidated. Smart investors understand the importance of **cutting losses promptly and trading with the trend.

A moment's difference may determine whether you become a victim of the market or a successful survivor.

5. There are no successful cases of holding positions in history.

Whether in stocks, forex, or cryptocurrencies, all successful traders share one commonality: strict risk management. Soros, Buffett, Simons… no one has become a winner by 'stubbornly holding.'

The market does not show mercy to stubborn people; it only rewards those who understand how to follow trends and adjust strategies in a timely manner.

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