Whoever panics is a big fool, why do we say they are a big fool?
It's not that we can't accept losses, but we can't accept brainless losses!
What is a brainless loss: it means no position management at all, not knowing what a position is, having no staggered entry and exit operations, and never thinking about why to choose this price point!
In this case, can you imagine that the trades you make can withstand risks?
Let's analyze last night's trades: we provided four strategies!
① BTC, the average entry price will definitely not exceed 116125, during the day there were opportunities for small stop losses, break-even, or small profits to run away.
② ETH, entering at 3766, didn't last night already let you set a take profit at 3800? So 3720 or 3645 are your prices, ETH is currently profitable, you can leave at any time to ensure capital safety.
③ DOGE, panicking at the first position of 0.212 is pointless; if there was a chance during the day, couldn't you also run for break-even or small stop loss/small profit? You tell me if that's right?
④ SOL, the first position at 173, follows the same logic as DOGE.
A stop loss of three to five hundred dollars on Bitcoin is considered normal, a stop loss of twenty dollars on Ethereum is also considered normal, a loss of two dollars on SOL is normal, and a loss of 0.004 on DOGE is normal, because these can all be covered by a single profit, and over the past half month to a month, you've definitely made a profit more than once, so stay calm and do what you should do!
Summary: Haven't we mentioned countless times to only focus on one nose? If your capital strength is strong, you can do two, and if your position is well controlled, then why are you panicking now?
According to our strategy, the amount of liquidation last night was 4 billion, with the number of people reaching 133,781, but you were not among them, so shouldn't you feel very happy? Hahaha
So, reviewing and filling gaps, every moment of panic is the best time for self-examination, self-correction, and self-growth!
Favorable circumstances cannot forge quality; adversity reveals shortcomings, so seizing the opportunity to improve your trading system is what you should do, not panicking and losing your mind. Otherwise, you will never grow or progress!