Why is it not recommended to hold onto spot trades mindlessly???

Recently, I've encountered many spot traders who are losing money badly. After talking to them, I found that most of them have been misled by a certain narrative — 'you should hold onto spot trades mindlessly.'

This is a huge lie!

Since entering the market in 2019, I've seen too many retail investors being deceived, especially at the end of 2021, when various so-called expert traders were everywhere, completely ignorant of the bull and bear cycles, with just one slogan: 'Holding on mindlessly will make you money!' What happened? The market crashed, and they all disappeared, leaving a bunch of retail investors stuck in losses. Now, seeing people promoting 'mindless holding' again makes me extremely angry.

Why can't you hold onto spot trades mindlessly?

The market has cycles, and yes, if you can accurately buy at the bottom, holding on for the long term is fine. But the problem is, most retail investors can't do that! They often chase prices and sell at a loss, and the so-called 'holding at the top of a bull market' is just an illusion.

For example, when the market rose to around 100,000, I reminded everyone of the risks, and some people criticized me for being 'bearish.' But now? Those who were overly optimistic are the ones who got wrecked. Stop fantasizing that 'holding on will definitely help you break even'; retail investors have limited capital, and it is essential to reasonably avoid significant downturns to accumulate quickly, rather than being stuck in losses for months or even years.

Please, those who promote 'mindless holding,' just be quiet! If you don't understand bull and bear cycles, don't mislead others; retail investors can't afford such traps.

Continuously adding to your position in a losing coin will not redeem you; instead, it gives the opposing side the opportunity to profit continuously, ultimately swallowing you whole! If you're reluctant to cut your losses and seek survival, you'll end up making small mistakes that turn into big ones, leading to total defeat.

Love is the same.