The two characters "止损" (stop loss), when explained in depth, represent great wisdom.



The investment community all knows what stop loss is—when you discover you're heading in the wrong direction, decisively admit defeat and exit. But this logic is useful far beyond that.

No progress in the MEME track? Then stop loss on that track and try a different approach. The overall crypto market is sluggish? Then just stop loss on crypto and look for other opportunities. Frustrated people aren’t worth entangling with? Cut ties cleanly and decisively. Negative emotions come? Immediately distance yourself from that environment. Bad habits have already formed? While there's still time, quickly change them.

Talking about stop loss is easy; doing it is hard. The real difficulty lies in maintaining clarity at critical moments—that is the most important.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned