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The most torturous ordeal in crypto is being deeply underwater on a position and waiting day after day for it to break even😂
Once a position is trapped, you can't even sleep peacefully; the moment you open the chart, your heart starts pounding.
Your mind keeps imagining the market surging and instantly getting you back to break-even. You refuse to cut your losses no matter what, and keep adding to the position to lower your average cost, only for the hole to grow bigger as you dig yourself deeper.
The market won't move according to your position. Don't let yourself get trapped by the thought, “I'll get out as soon as I break even.”
When it's time to admit defeat, cut your losses decisively. Don't stake everything you have on a rebound.
Protect the capital you have left first; only then will we be in a position to catch the express train of the next market move.#Gate广场中秋团圆局