Don’t let “sunk costs” trap you and kill you in the crypto market.

Down 20% but won’t cut—wait to break even and sell;

Down 50% you average down, and down 70% you get liquidated—what you can’t let go of isn’t the coin, it’s the money you’ve already lost.

Remember: money you lost in the past has nothing to do with whether you should sell now. Not a dime.

What you should be looking at is: does this coin still have a logic for going up right now? Is the trend still intact?

If the answer is no, then leave—no matter how much you’re down.

If you’d cut a 30% loss, you could limit the damage and still have money to place a few more bets.

But if you insist on holding on, you end up losing not just the trade—you lose the “guns” too.

Admit the loss, accept it, then cut it. Cut, then start again.

Cut quickly and you lose less; hold on for longer and you lose more.

Are you still holding your position today?

Ask yourself: do you actually believe in this coin, or are you just unwilling to let go of the money that’s already been lost?

If you still don’t know how to choose coins, how to enter, or how to take profit and set stop-loss, follow me and let’s plan our positions together!