Stop loss not in place, can't escape liquidation
Many people are harvested in the cryptocurrency market for a lifetime, not because the market is bad, but because—no stop loss!
To be clear, whether it's a long position or a short position:
Stop loss must be set!
It's not a suggestion, it's a must!
It's not a right or wrong issue, it's a discipline issue!
Even if the stop loss is wrong, it still has to be taken!
Real experts don't avoid losing money, but rather lose small and earn big.
The reason you get liquidated is that you stubbornly hold on, thinking the market will come back.
And the result? What comes back is not the market, but the liquidation notification.
Here are my details for you:
– The stop loss point absolutely cannot be set at an integer; you must add 3-5 points to prevent being "precisely hunted for losses."
Once the stop loss is triggered, never hesitate! Market opportunities come every day, without capital, you have nothing!
Finally, I leave you with a word:
Become a trader, not a gambler!
Trading relies on habits and mindset, on the accumulation of wealth bit by bit.
If you place all your hopes on a single trade, hoping to get rich overnight, then you've already lost from the start.
The difference lies here:
Gambler seeks miracles, trader seeks discipline;
Gambler gets liquidated overnight, trader slowly turns the account;
Gambler is harvested by the market, trader harvests the gamblers.
That’s why, while others cry over liquidation every day, I am steadily earning.
Those who understand will naturally come to me; those who don't will continue to be market fodder.
