If you make a mistake, cut your losses; never hold onto illusions

—— This is the most anti-human survival rule in trading
In trading, the vast majority of losses are not due to misjudgment.
But because of one sentence:
“Wait a little longer, maybe it will come back.”
But the market never rewards “maybe.”
1. You didn’t lose because you saw it wrong, but because you refused to admit you were wrong
In trading, seeing the wrong direction is normal.
What truly determines whether you can survive is never your win rate, but how you handle mistakes.
Many people's loss paths are highly consistent:
After entering the market, when the trend doesn’t move as expected, they start comforting themselves with “This is a shakeout,” then give themselves another reason “The key level hasn’t broken yet,” and finally, small losses turn into big ones.
You think you are “sticking to logic,”
but in reality, you are using fantasy to fight the market.
2. Fantasy is the most expensive cost in your account
The market only has three states:
Right or wrong has not yet been determined
But many people only accept the first of the two.
When the price has already proven you wrong,
you still ask:
“Will it rebound?”
“Will it give another chance?”
Let me say something harsh:
👉 As soon as you start asking “Will it,” you are no longer trading.
You are gambling.
And the cost of gambling is never just a stop-loss,
but the destruction of your account structure.
3. Stop-loss is not a technique, it’s an attitude
Many people think:
“Once I learn more advanced techniques, I can stop losses less often.”
This is the biggest misconception.
Truly mature traders understand:
Stop-loss is not a failure; stop-loss is respect for uncertainty; stop-loss is to preserve the opportunity to trade again.