Browsing Binance Square, there are many posts with a screenshot of a position with a loss of only a few USD and then leaving a question about keeping the order or cutting the loss. The main purpose of such posts is just to attract views and interactions, not to ask for real questions. Cutting a position with a loss of a few USD is not necessary to ask the community. If anyone is really holding heavy losing positions with large volume, then they need advice or ask how to exit without SL. The best way to exit losing positions is DCA. The way I usually do is to open a position opposite to the losing position with the same volume to avoid liquidation (cross mode). Then when the newly opened position is profitable, TP and take the profit to DCA for the losing position, continue to open a position opposite to the losing position with the same volume as the losing position after DCA. Do this many times until the entry prices of the 2 positions shrink and at some point you will be able to TP both positions. However, if you choose the wrong time to TP or open the opposite position, the distance between the entry price of the 2 positions will gradually increase instead of decreasing... This method uses hedge mode, so you need to enable hedge mode on Binance before practicing 👌
