Bottom fishing is not wrong; the mistake is buying on the halfway up the mountain; stop-loss is not weakness; the weakness is hesitating when it's time to cut losses.

Brothers, today let's talk about a painful issue: when your coins are falling, should you keep buying or cut losses and walk away in time?

I've fallen on my face myself. Buying more as it drops led me into deep traps, and frequent stop-losses were met with market rebounds that slapped me in the face. Over the years of messing around in the market, I’ve learned one thing: these two approaches are not about right or wrong, only about whether they fit your situation. Today, I want to share my practical experience to clarify—when to hold on and when to withdraw.

**The fundamental difference between two strategies**

The so-called averaging down means continuously adding positions as the price drops, pulling the average cost down. As long as the market slightly rebounds, you can get out of trouble faster or even turn red. The beauty of this method is its high tolerance for mistakes. If your initial entry point was wrong, it’s okay; adding more later can still fix it. The anxiety of "buying wrong" is also alleviated by this sense of control.

But what about the risks? In a one-sided downtrend, increasing your position makes your floating loss grow like a snowball. The worst is when you’re stuck for too long, your mentality collapses, and you start adding randomly, eventually losing control completely.

Timely stop-loss is different. Set a loss limit in advance; when the price hits it, close the position decisively. This is not about giving up but about protecting your principal and leaving some bullets for the next opportunity. What’s the biggest benefit of stop-loss? The risk is clear and straightforward; the maximum loss per trade is fixed, making your mindset more stable. In the long run, this approach can help you survive longer.