Here's a harsh truth—the majority of people who get wiped out in the market do so because they hold onto losing positions.
What do beginners love to do? Open a 1x or 2x leveraged position in a choppy market, and when they get stuck, they just hold, thinking "it'll come back eventually." Sure, sometimes you get lucky, but have you ever seen a trending market? Like that time Bitcoin shot up from 110,000 to 126,000 in one go—can you really hold on through that? In the end, you're not even thinking about making money anymore, just how many more days your account can survive.
What's the difference between an experienced trader and a newbie? The questions they ask before opening a position.
Newbies ask: How much can I make on this trade? Pros ask: What's the maximum I can lose on this trade?
Figure out first what your maximum acceptable loss is—is it 1% of your capital, or 2%? Then work backward to determine your stop-loss. That's where trading should start, not end. A lot of people get this completely backward.
Setting a stop-loss isn't cowardly—it's about leaving yourself an exit. If your direction is wrong, admit it immediately; if your entry wasn't right, get out fast. It's a hundred times better than being stuck in a losing position. Taking a loss hurts for a moment; holding onto losers can ruin you. That's an easy calculation.
The most absurd thing? Some people turn a losing contract trade into a "long-term investment." They sit on it for weeks or even months, calling it persistence, but really, they're just being held hostage by a bad decision. What you're stuck with isn't just your money—it's your time and opportunity cost. When new opportunities come, you can't take them because your position is tied up in that dead trade.
That's the worst kind of deal—using all your future possibilities to pay for past mistakes.
Remember, surviving is more important than anything else.
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CommunityWorker
· 12-03 16:36
Holding onto a losing position... it's really like gambling with your life. I've seen too many people end up with their accounts wiped out.
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EntryPositionAnalyst
· 12-03 16:34
Holding onto a losing position can really drive people crazy. I've seen it happen too many times.
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GateUser-3824aa38
· 12-03 16:31
Holding a position is really insane; the account just evaporates instantly. It's surreal.
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GateUser-cff9c776
· 12-03 16:14
Sounds like a classic "survival paradox"—you don't die from making wrong decisions, but from refusing to admit your mistakes. From an economics perspective, this is a perfect example of the sunk cost fallacy being played out in the crypto market.
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DataPickledFish
· 12-03 16:12
Bag-holding really is a terminal illness. I've seen too many people stubbornly trap themselves out of the game just because of one bad entry.
#ETH走势分析 For those trading contracts, remember this: if you open a position without setting a stop-loss, trouble is only a matter of time.
$BTC $ETH
Here's a harsh truth—the majority of people who get wiped out in the market do so because they hold onto losing positions.
What do beginners love to do? Open a 1x or 2x leveraged position in a choppy market, and when they get stuck, they just hold, thinking "it'll come back eventually." Sure, sometimes you get lucky, but have you ever seen a trending market? Like that time Bitcoin shot up from 110,000 to 126,000 in one go—can you really hold on through that? In the end, you're not even thinking about making money anymore, just how many more days your account can survive.
What's the difference between an experienced trader and a newbie? The questions they ask before opening a position.
Newbies ask: How much can I make on this trade? Pros ask: What's the maximum I can lose on this trade?
Figure out first what your maximum acceptable loss is—is it 1% of your capital, or 2%? Then work backward to determine your stop-loss. That's where trading should start, not end. A lot of people get this completely backward.
Setting a stop-loss isn't cowardly—it's about leaving yourself an exit. If your direction is wrong, admit it immediately; if your entry wasn't right, get out fast. It's a hundred times better than being stuck in a losing position. Taking a loss hurts for a moment; holding onto losers can ruin you. That's an easy calculation.
The most absurd thing? Some people turn a losing contract trade into a "long-term investment." They sit on it for weeks or even months, calling it persistence, but really, they're just being held hostage by a bad decision. What you're stuck with isn't just your money—it's your time and opportunity cost. When new opportunities come, you can't take them because your position is tied up in that dead trade.
That's the worst kind of deal—using all your future possibilities to pay for past mistakes.
Remember, surviving is more important than anything else.