$BTC
Most people in the crypto world suffer huge losses and end up completely trapped, and the core reason is being dragged down by sunk costs. Many people refuse to cut losses when their holdings are down 20%, always holding on to the hope of getting back to breakeven before leaving, unwilling to let go of the money they have already lost, stubbornly believing that if they don't sell, it doesn't count as a loss. But the market never cares about personal emotions. The longer you stubbornly hold on, the more the losses keep growing. I have a real example around me: someone bought a niche altcoin, refused to cut losses after it fell 30%, and even when it dropped 50% they blindly averaged down. In the end, it plunged 70%, suffered liquidation, and was completely wiped out. The biggest mistake in trading is not buying the wrong coin once, but refusing to admit mistakes and cut losses. The money already lost is a fixed fact and has nothing to do with current position decisions. Whether to hold should be judged only by the trend and upside potential, not by past losses. Cutting losses promptly when wrong is the key to preserving principal. The faster and more decisively you stop loss, the lower the cost of the loss; the longer you stubbornly hold and the more hope you cling to, the more likely you are to lose everything. Give up sunk-cost thinking, admit mistakes calmly, and strictly cut losses, and only then can you survive in the market for the long term and trade steadily.
#BTCTops$80K
Most people in the crypto world suffer huge losses and end up completely trapped, and the core reason is being dragged down by sunk costs. Many people refuse to cut losses when their holdings are down 20%, always holding on to the hope of getting back to breakeven before leaving, unwilling to let go of the money they have already lost, stubbornly believing that if they don't sell, it doesn't count as a loss. But the market never cares about personal emotions. The longer you stubbornly hold on, the more the losses keep growing. I have a real example around me: someone bought a niche altcoin, refused to cut losses after it fell 30%, and even when it dropped 50% they blindly averaged down. In the end, it plunged 70%, suffered liquidation, and was completely wiped out. The biggest mistake in trading is not buying the wrong coin once, but refusing to admit mistakes and cut losses. The money already lost is a fixed fact and has nothing to do with current position decisions. Whether to hold should be judged only by the trend and upside potential, not by past losses. Cutting losses promptly when wrong is the key to preserving principal. The faster and more decisively you stop loss, the lower the cost of the loss; the longer you stubbornly hold and the more hope you cling to, the more likely you are to lose everything. Give up sunk-cost thinking, admit mistakes calmly, and strictly cut losses, and only then can you survive in the market for the long term and trade steadily.
#BTCTops$80K