If you are still averaging down on losing leverage positions hoping for a miracle bounce, stop now.
Watching an unrealized loss spiral while holding onto blind conviction is how retail accounts get completely wiped out. Most traders refuse to cut losers because admitting a bad entry hurts more than losing capital.
Just saw a trader flexing an open $SUI perpetual long down over -3,867.07 USDT with price slipping another -5.78 percent, claiming that patience alone will turn it around. While high-beta layer 1s like $APT and $SUI can stage aggressive relief rallies, treating a deep drawdown on leverage as a test of faith is pure gambling.
Bulls will argue that shaking out weak hands before a massive breakout is standard market structure. But there is a fine line between conviction and refusing to manage risk when invalidation levels get smashed.
Where do you draw the line between holding with conviction and pure hopium?
#CryptoTrading #Futures #Layer1
Watching an unrealized loss spiral while holding onto blind conviction is how retail accounts get completely wiped out. Most traders refuse to cut losers because admitting a bad entry hurts more than losing capital.
Just saw a trader flexing an open $SUI perpetual long down over -3,867.07 USDT with price slipping another -5.78 percent, claiming that patience alone will turn it around. While high-beta layer 1s like $APT and $SUI can stage aggressive relief rallies, treating a deep drawdown on leverage as a test of faith is pure gambling.
Bulls will argue that shaking out weak hands before a massive breakout is standard market structure. But there is a fine line between conviction and refusing to manage risk when invalidation levels get smashed.
Where do you draw the line between holding with conviction and pure hopium?
#CryptoTrading #Futures #Layer1
