Set a goal — 300,000 U. Watching the account already grow to 88,356 U, I thought it was safe. But after taking a nap and waking up, it shrank by several ten thousand. At that moment, I was truly speechless.
This lesson was very painful. The biggest mistake was holding on to the position. Seeing the floating loss grow larger and larger, I kept thinking about holding on, not realizing that I was dancing on the edge of a knife. If you're wrong, you have to admit it. This is the most brutal truth in trading. Many people have fallen for the phrase "can still break even."
Now I’ve thought it through. Instead of struggling with losing positions, it’s better to cut losses decisively and preserve the principal. As long as the green mountains remain, opportunities will always come. Next, I will adjust my strategy and keep going. One loss is not the end, just the starting point for the next profit.
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SwapWhisperer
· 01-11 04:45
After a nap, a few tens of thousands of U was gone. This is the price of holding, I guess.
Chasing orders is really the biggest IQ tax in trading. Knowing it's wrong, but still refusing to let go.
Nice way of putting it is "believing it will break even," but frankly, it's just a gambler's mentality.
I've tried too, and the result is that the more I lose, the more I want to turn it around; the more I want to turn it around, the more I lose badly.
The four words "close position and stop loss" sound simple, but it must hurt a lot to learn how to do it.
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GweiWatcher
· 01-10 16:18
Napping taught me a lesson worth tens of thousands of dollars—this business is really ruthless.
All human weaknesses are in the words "resist orders," wow.
Admitting defeat is truly much more comfortable than stubbornly holding on, but most people just can't learn.
Preserving the principal is the key; the chips for the next turnaround are right here.
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MeaninglessGwei
· 01-08 08:54
Anti-positioning is really the biggest trap in trading; so many people have been caught out by it.
That's why I never hesitate to cut losses; admitting defeat promptly is the way to go.
It’s truly painful when the 880,000 you earned slips away in an instant, but compared to constantly holding losing positions and waiting for a miracle, being decisive is better.
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fomo_fighter
· 01-08 08:46
Waking up from a nap, I found a few tens of thousands gone from my account again. This is my daily routine haha
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SleepyArbCat
· 01-08 08:37
That nap taught me a lesson worth tens of thousands of dollars. Fighting against the trend is really the biggest trap in the crypto world.
Set a goal — 300,000 U. Watching the account already grow to 88,356 U, I thought it was safe. But after taking a nap and waking up, it shrank by several ten thousand. At that moment, I was truly speechless.
This lesson was very painful. The biggest mistake was holding on to the position. Seeing the floating loss grow larger and larger, I kept thinking about holding on, not realizing that I was dancing on the edge of a knife. If you're wrong, you have to admit it. This is the most brutal truth in trading. Many people have fallen for the phrase "can still break even."
Now I’ve thought it through. Instead of struggling with losing positions, it’s better to cut losses decisively and preserve the principal. As long as the green mountains remain, opportunities will always come. Next, I will adjust my strategy and keep going. One loss is not the end, just the starting point for the next profit.