The most frustrating thing in trading is never the wrong judgment of direction, but knowing you're wrong yet still unable to muster the courage to exit.

In a sharp unilateral decline, too many accounts' unrealized losses have long exceeded the tolerance limit. Adding positions, locking in losses, adding more, locking again— the more you tinker, the less room there is to maneuver, ultimately trapping you in the position with no way out.

Some people pin their hopes of recovery entirely on a slim chance of a rebound. Even if they happen to catch one, this small probability "break-even" will turn into an even more dangerous lesson. A lucky break dragged out over time is far more damaging to the account than a decisive stop-loss.

The market will never spare you just because you lose a lot. It operates at its own pace, without favoritism. To survive in the market, you need to admit mistakes, adjust your positions, and maintain control, rather than betting on a fleeting hope of recouping losses. #黄金