Last night, a new group member asked me what to do about their long position that was in the red. They had lowered their cost basis from 73,200 to 72,100, showing me a screenshot of a 10,000 USDT loss. They asked if there was still a way to recover from it. I'm naturally helpful, so I'll answer any question that isn't too tricky.

I told them that 72,100 isn't a high price point—the market could easily move up with a slight fluctuation. I advised them to watch the chart closely and be ready to exit if market conditions deteriorated, even if it meant taking a small loss, as that would be better than liquidation. At 11:30 PM, I notified them that the downtrend had briefly stabilized. At 1:46 AM, I reminded them the market was turning and to be ready to exit. At 2:18 AM, I sent them another message with no response. I thought they had already closed the position.

This morning, they told me they got liquidated. They said they were too tired and fell asleep yesterday... I didn't know what to say. In this market, if you don't treat money with respect, the market will deliver the worst outcome. I've encountered many people like this—opening positions too large, no stop loss set. I've taken losses myself and shared my experience to help you avoid these mistakes. But some people just have to learn the hard way.