If you have already entered a position in an asset, and then a mentor or influencer tells you to hold strong or forbids you from cutting losses, don't believe it immediately!



The important thing is to first learn the fundamental concepts of risk management and exit strategies. Don't let emotions or social pressure from certain figures cause you to ignore the trading plan you should have already made.

Every trader has different risk tolerance, financial situations, and time horizons. What is good for one person may not be good for another. Learn proper risk management, understand when to cut losses, and make investment decisions based on data and your own analysis, not just instructions from others.
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TokenDustCollector
· 01-19 10:59
Really, those internet celebrities who shout hold every day have already run away, and we're still foolishly waiting there.

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Don't be swayed by the crowd; you should care about your own money.

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That's correct, but the problem is that 99% of people have no exit plan and are just gambling with their emotions.

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The point about risk tolerance is well said, but unfortunately most people only realize it after losing money.

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I've seen people hold onto assets following KOLs and then drop from 10x to 1x; now they don't believe in that anymore.

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It's easy to say but hard to do; in critical moments, panic still sets in.

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That's why I only listen to my own analysis now; others' opinions are just for reference.

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Stop-loss, once set, shouldn't be second-guessed; otherwise, losses will be even worse.

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That's reasonable, but unfortunately, those who realize this have already paid their tuition fees.
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