When a cryptocurrency crashes dramatically, people often become thrilled because they believe, "I'll make a fortune if it recovers." But that's the mentality of a novice.

A token seldom makes a genuine comeback after tanking like that. It is avoided by smart money. Experienced traders and whales remain on the sidelines. Typically, it's simply speculators looking for a fast flip.

The reality is that the majority of these initiatives fail and are impossible to rebound. It's wishful thinking, but I'd love to see it return to my break-even point so I can short it again.

Bottom line: A plan based on hope is insufficient. Apply reason rather than feeling.