No stop-loss, short-term becomes medium-term, medium-term becomes long-term: As a long-time investment professional, we are often asked, 'What is the most common mistake investors make in the investment market?' My answer is the lack of immediate and swift stop-loss. The bidirectional investment system magnifies both profits and losses due to its leverage. The consequences of not implementing timely stop-loss are often extremely severe. The cryptocurrency market is no different; we all know that in the cryptocurrency market, our most valuable asset is our investment capital. Capital is like ammunition on the battlefield; without it, failure is inevitable. We must constantly pay attention to protecting our capital and cannot allow losses to expand indefinitely. Many people hope, pray, and dream of finding a perfect trading method that can yield profits without the need for stop-loss. In short, no matter the field, such a perfect money-making method is impossible. A successful trading method, like a successful life, is not achieved by avoiding losses but is determined by controlling the extent of losses. Changing time frames is also a common mistake made by inexperienced traders in the market. The so-called change of time frame is also a form of disguised no stop-loss and no admission of mistakes. It happens like this: a cryptocurrency trader buys a contract with the intention of obtaining good short-term returns, but the market trend does not produce the desired results. This investor does not sell within the short-term time frame but decides to hold the contract and switch to medium-term or long-term investment. This is merely a reason to avoid stop-loss; such a method of changing the time frame will inevitably lead to disaster, and stop-loss is our only way to prevent disaster from happening.
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