I have seen too many liquidation cases over the years.

There is a common point.
It's not because of misjudging the direction, but because of not admitting losses.
Recently, a friend talked to me about trading.
He said he was shorting, and his entry point was actually very good, and the logic was sound.
But the market rebounded midway.
He panicked.
Seeing his unrealized losses grow larger, he started to doubt himself, and finally manually closed the position.
Not long after he closed, the market turned downward, following the trend he initially predicted.
He said he was so angry he couldn't sleep all night.
He thought it was bad luck.
But after reviewing his trading records, I found that the problem was not luck at all.
It was that from the moment he entered, he never thought about where he went wrong or what to do if he was wrong.
The most terrifying thing about the market is right here.
Many people think about how much they can make before entering.
But they never think about how much they might lose.
So when the market fluctuates slightly, emotions start to take over the trade.
They can't hold when they should.
They don't want to exit when they should.
And in the end, they are tormented back and forth.
Later, I increasingly believe that the greatest significance of a stop-loss is not to control losses.
But to protect your judgment.
Because if you know in advance the maximum loss you can take, you won't be led astray by market fluctuations.
When it's time to take profits, dare to take them.
When it's time to wait, be able to wait.
What truly wipes out an account is never a single stop-loss.
But repeatedly thinking, "Just a little longer, maybe it will come back."
After trading for a long time, you'll find that losses are not actually scary.
Every trader will lose.
The real danger is not accepting losses.
Because when you start refusing to admit you're wrong, the market will often make you pay a higher price to admit it.
The one you endure is called luck.
The one you can't endure is called liquidation.
And you'll never know which one will happen next.
So I set a principle for myself: before entering a trade, think about exiting first.
Accept the worst outcome first, then hope for the best.
This way, trading becomes less exciting, but your account becomes more and more stable. $SOL
The market never rewards luck. $WLD
It only rewards those willing to follow the rules. $BEAT
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