The veteran circle has always spread a hard-core truth: When trading, you must be decisive and swift in cutting losses.

The game in the crypto world is brutal and unpredictable; your principal is your only trump card, and there are very few chances for error correction.

Most people suffer significant losses, not because they make wrong judgments,
but because they hold onto hope and refuse to exit, with deep obsession refusing to admit defeat.
A 5% unrealized loss, holding onto illusions, waiting for the market to rebound and save itself;
A 10% unrealized loss, losing composure, stubbornly holding on without stopping the loss;
A 20% unrealized loss, completely collapsing in despair, ultimately forced to cut at the bottom of the market.
Just when they endure the pain of exiting, the market reverses and rises again, leaving only regret and helplessness.

Human nature’s unwillingness is the biggest trap on the trading path.
Refusing to accept small retracements will only result in being deeply trapped by the market, or even losing everything with a single click.

I have strictly adhered to the trading iron law for years:
When a single trade hits the risk control red line, exit decisively, never fight the trend.
No excuses, no illusions, no holding onto the market, no regrets.
Ten times missing the chance to cut losses is