This is one of the "classic" mistakes that almost everyone who steps into the market has made. You buy BTC at 70,000 USD, hoping it will rise to 75,000 USD. But right after that, the market reverses, and the price drops to 63,000 USD (loss ~10%). In your mind, the familiar phrase echoes: "It's okay, it will come back." But instead of recovering, BTC continues to drop to 50,000 USD, then goes sideways for two whole months. The result: your capital is stuck, unable to be rotated for other opportunities, and every day watching your account in deep red adds to your stress.
More dangerously, you start finding all sorts of reasons to stay: "The whales are accumulating," "This chart is about to breakout," "Good news is coming soon." But in reality, the price doesn't listen to you, and the small loss has turned into a massive one.
For those who are not professionals, especially newcomers:
Before entering a trade, set a stop loss (SL) and consider it the survival boundary of your account.
If you often break your SL due to the pressure of losses, reduce the position size to a level that makes your mindset lighter.
Avoid turning a losing trade into an "unintentional long-term investment" – new opportunities always arise, but only for those who still have capital.
Remember, hope is only useful when it is based on a plan and discipline. If based on emotions, hope will become the number one betrayer.
Has anyone ever "held a coin" for a month because they didn't cut their losses?