Two of the most dangerous mindsets in crypto:

1. “It’s not a loss unless I sell.”
Bought at $1, now it’s $0.15, but still calling it “long-term conviction.”
That’s not investing — that’s refusing to admit you were wrong. Unrealized losses are still real losses.
2. Trading perps with no stop loss.
For most traders, the liquidation price is the stop loss.
That’s not strategy, that’s gambling with leverage.
What actually works:
✅ Set your invalidation before entering.
✅ Cut losses fast and protect capital.
✅ For spot, ask yourself:
“If I didn’t own this already, would I buy it here?”
No trader has a 100% win rate.
The ones who survive are the ones who manage risk.