#韩国加密政策 Easy Mistakes: Run Away When You Make a Profit, Hold On When You Lose

As a novice currently in this state, this topic resonates too much, and I want to share a bit of insight.

Usually, when I make a small profit, I quickly cash out, after all, there have been plenty of times when my situation suddenly turned to losses due to market fluctuations. It's not that this approach is wrong, but whether to close a position should be judged based on the circumstances; if the trend is moving in a favorable direction, it can still be worth waiting a bit longer.

The issue of holding on despite losses seems to be more of a psychological problem; I can't get over this mental hurdle. I need to convince myself to set stop-losses. At a certain point, if I need to cut losses, I should do so; holding on too long is too risky, and a careless mistake could lead to a margin call. Moreover, holding on requires caution when adding to positions; since I'm already at a loss, adding more positions brings me closer to the liquidation line. I have tried many times before; holding on isn't a problem in itself, but after adding to my position several times, the trend still didn't change.