#韭菜的心路历程

2024.11.30 "If you can't accept a stop loss, you will be forced to liquidate!"

This month's biggest loss comes from $THE , losing 20% of the principal

Why review this trade?

Because there are many common mistakes that beginners make here,

If these cannot be corrected,

I will not be able to make money in the crypto space!

1. Chasing trends is not wrong, the mistake lies in chasing high prices, attempting to catch the falling knife (buying at a high) during the early stages of large investors cashing out!

2. There is still hope even if you are halfway up the mountain, but the second mistake is not being able to accept a small stop loss ($100), and then averaging down to cover losses, resulting in an expanded loss ($600)!

3. In fact, there are many opportunities to exit and stop loss early; there are many signs of large investors cashing out. The third mistake is being too speculative, subjectively believing that the main players will maintain the lowest price range of the initial sell-off!

4. Stop loss level > 10% of principal and failing to exit in time! This leads to excessive loss of principal, making it harder to recover!

5. Insufficient understanding, addiction to trading! Learn and understand, take a break for a week!