He cut his long position in one stroke and saved his entire account!

During the recent U.S. earnings season, one trader saw Google ($GOOGL ) gaining momentum and, caught up in the excitement, went heavily long. Then the market suddenly turned, leaving him trapped halfway up the mountain.

As he watched his losses soar and his margin level teeter on the brink, he still clung to a little hope: “It’s already fallen so much—it has to bounce back, right? Maybe I should just hold on a little longer?”

When Brother Chai heard about it, he poured cold water on the idea: “The trend has already turned. Holding on now is just giving your money to the market! As long as the hills are green, there’ll be wood to burn.” After Brother Chai’s firm advice, the trader finally faced reality and painfully cut his long position.

And what happened? Not long after he cut his losses, Google kept falling when the U.S. market opened. Hearing the anguished cries in the group from those who had held on until their accounts were wiped out, the trader shuddered with relief and repeatedly thanked Brother Chai for his relentless calls. He lost some of his principal, but compared with having his account wiped out, it felt like he’d escaped with his life!

Trading lesson: Being trapped in a losing trade isn’t the scary part—the scary part is not having the courage to set a stop-loss. Admitting you’re wrong is part of trading. Only by cutting your losses in time can you survive in this market.
Getting back on your feet is only a matter of time. Opportunities are always out there 👇👇
#谷歌