After five years in the cryptocurrency world, from living paycheck to paycheck to saving up the first pot of gold, with profits multiplied by 3000 times💰, it's not luck that counts, but a whole set of intertwined trading principles—among which, stop-loss is the "life-saving bottom line", and the other principles are "the icing on the cake"; you can't do without any of them.

Why do I say that stop-loss is the bottom line? It's like driving: you must step on the brakes. No matter how good your skills are or how correct your route is, if there's no brake, something bad will eventually happen. I've seen too many people who judged the trend correctly and had a light position, but just because they didn't stop loss when it dropped 5%, they stubbornly held on until it dropped 50%, losing all their capital, and they couldn't seize any better opportunities🚨. So before placing an order, ask yourself: "How much can I lose at most on this trade?" Draw the stop-loss line firmly; this is the premise of all operations.

But having just a stop-loss isn't enough; you also need to pair it well with "teammates": for example, in position management, when heavily invested, the stop-loss must be strict (run at a 2% drop), while for light positions, it can be more lenient (exit at an 8% drop), otherwise frequent stop-losses may gradually deplete your capital; for trend judgment, buy along the upward trend, and the stop-loss line can be set at the nearest support level, which adds a layer of "cushion" to the stop-loss, making it less prone to being misled by short-term fluctuations📈.

And then there's the psychological aspect: after a stop-loss, don't always dwell on "what if I waited a bit longer, it would have rebounded"—last year I set a 5% stop-loss once, and after cutting the position, the coin indeed dropped 30%, but there were also times when I cut at the low point. Looking back, out of 10 stop-losses, 8 times helped me avoid deep pits, and the remaining 2 minor regrets don't count for much compared to "losing everything in one go".

In short, stop-loss is "not letting you die", while the other principles are "helping you live better". It's like building a house: stop-loss is the foundation, while position and trend are the load-bearing walls; without the foundation, the house will collapse, and without the load-bearing walls, it won't stand firm either.

In my organized practical notes, I not only wrote about how to set stop-losses but also detailed how principles like position and trend can be coordinated with stop-losses. Follow me, and I'll give you @区块橙哥 for free; beginners can use it as a framework, which is not easy to go astray～#韩国加密政策