After being in the crypto world for a long time, you'll notice a counterintuitive phenomenon—

Those who draw perfect candlestick charts don't necessarily make money; those with the most accurate information aren't guaranteed profits; but those who never hold onto a position tend to survive until the end.

I have a friend who has been trading for five years and has never held a position overnight.

Once, he shorted Bitcoin, and as soon as he entered, a big bullish candle shot up and hit his stop-loss. Without hesitation, he cut the position. Guess what happened next? Right after he hit his stop-loss, the market turned and started crashing downward, dropping over ten points in a quick move. He missed out on a big gain.

Someone asked him: Do you regret it?

He said: No regrets. Stop-loss is a rule I set for myself. If I can't stick to the rules, I might as well give up.

Later, he took a long position. It stayed flat for three days, then on the fourth day, it suddenly plunged, breaking his stop-loss again. Two consecutive losses—most people would be furious and want to jump back in. But he didn’t. He closed the software and went out for a five-kilometer run.

When he came back, the market started trending smoothly. He re-entered, and within a week, he recovered all his previous losses and even doubled his capital.

He told me: In this market, losses are part of trading. You can't win every trade, but you can ensure you never hold onto a losing position. Those who hold onto positions can wipe out ten times their gains with a single mistake.

Not holding onto a position isn’t giving up; it’s giving yourself a breather, waiting for the next opportunity.

Anyone who has survived in this game understands this principle. But some people, unfortunately, don’t have a next chance anymore. After being in the crypto world for a long time, you'll notice a counterintuitive phenomenon—

Those who draw perfect candlestick charts don't necessarily make money; those with the most accurate information aren't guaranteed profits; but those who never hold onto a position tend to survive until the end.

I have a friend who has been trading for five years and has never held a position overnight.

Once, he shorted Bitcoin, and as soon as he entered, a big bullish candle shot up and hit his stop-loss. Without hesitation, he cut the position. Guess what happened next? Right after he hit his stop-loss, the market turned and started crashing downward, dropping over ten points in a quick move. He missed out on a big gain.

Someone asked him: Do you regret it?

He said: No regrets. Stop-loss is a rule I set for myself. If I can't stick to the rules, I might as well give up.

Later, he took a long position. It stayed flat for three days, then on the fourth day, it suddenly plunged, breaking his stop-loss again. Two consecutive losses—most people would be furious and want to jump back in. But he didn’t. He closed the software and went out for a five-kilometer run.

When he came back, the market started trending smoothly. He re-entered, and within a week, he recovered all his previous losses and even doubled his capital.

He told me: In this market, losses are part of trading. You can't win every trade, but you can ensure you never hold onto a losing position. Those who hold onto positions can wipe out ten times their gains with a single mistake.

Not holding onto a position isn’t giving up; it’s giving yourself a breather, waiting for the next opportunity.

Anyone who has survived in this game understands this principle. But some people, unfortunately, don’t have a next chance anymore.