A coin went up 3x and you didn’t sell—then it fell back to your cost line and you liquidated. And then it went up 5x.

Every old “bag holder” has this same script.
Buy → double → still hoping for more → drop back to your cost → run quickly → moon to the point that makes you question everything.
It’s not that you’re wrong about the direction.
You always end up falling into the same psychological trap.
When you’re up 30%,
you tell yourself: this is just the beginning.
When you’re up 100%,
you’re already calculating what car to swap to.
When it drops back to a 50% profit,
you say the profit is still there—hold it.
When it drops to the cost line,
you can’t wait even a second.
You straight-up liquidate.
You’re not clearing a position—
you’re clearing that painful memory of going from making money back to not making money.
You can’t tolerate a trade turning from profit to no profit.
Even though not making a profit is still better than losing by a hundred times,
your brain doesn’t account for it that way—it treats “had it and lost it” as a loss.
Behavioral economics calls this regret aversion.
Put it into plain language: you made money but didn’t sell → it fell back → you think you made a mistake → and you correct it fast.
That “correction” is often the most expensive move.
The market doesn’t care about your cost.
The market only cares about supply and demand.
The moment you liquidate—
is exactly the same moment other retail traders are liquidating too.
The big players are waiting for this moment.
The very next day after you sell, it will definitely rise.
It’s not bad luck.
It’s that big capital has already finished eating and absorbed the retail traders’ chips.
Next time you look at the K-line,
don’t obsess over unrealized gains or losses.
Ask yourself one question:
If I’m in cash right now, would I buy at this level?
The answer is no—sell.
The answer is yes—you’ve already endured the pullback. So why leave?