The most tragic way to die in trading:

This method is to hold on to losses. Basically, two types of people are most likely to fall for it, one is the novice, the other is the veteran (some of them are even experts). The reason why this method is so popular and kills many people is that the process of resisting floating losses is full of hope and expectation. If you close your position, not only will you lose your money, but you will also admit that you made a mistake. The feeling of despair is a huge blow to the trader at the moment of closing the position.

The reason why novices can resist floating losses is mainly because they are ignorant and fearless. They don’t know the cruelty of this way of death and are killed in a muddle; veterans are too confident. With years of trading experience, they seem to be used to life and death, but they didn’t expect that history will not simply repeat itself. If you are used to life and death, then die for you to see. When a "black swan" event occurs, it is often the veterans who die the most. #BTC能否站穩6W5？