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I was stuck shorting BTR with -1% of my full-position margin (which is actually within an acceptable loss range), but seeing copy traders continuously exit the copy trading position, honestly, I really feel heartbroken! Because exiting means taking a real loss.
Actually, no matter how much this altcoin rises, it will eventually fall. But I was afraid that if it continued rising, more and more copy traders would cut their losses and stop-loss, so I took the initiative to cut my losses.
I won’t trade altcoins anymore, to avoid causing unnecessary psychological panic among copy traders and leading them to cut their positions at a real loss. I’ll slowly grind away at major coins instead. No matter what happens with major coins, the stop-loss range remains within 3% of the full-position margin.
I apologize to the copy traders for the losses caused by this trade!
Let’s adjust our mindset. We’re confident that we’ll earn back both the principal and the profits on the next trade!