Many people lose money in trading cryptocurrencies because they are stubborn and gamble against themselves.
For example, after selling a certain cryptocurrency, it suddenly rises by dozens of points shortly after, and they immediately buy it back at a high price. Those who trade contracts often find that when they are bearish, the market starts to rise, and when they are bullish, the market begins to fall, leading them to close positions and open in the opposite direction repeatedly. This cycle gradually leads to the continuous shrinking of their assets, ultimately putting them on a long and uncertain path to recover their losses.
Once a trade has failed, one must admit it and immediately cut losses to exit. The key to successful trading lies in not losing too much when facing losses. If one can cut losses on losing positions, profits will naturally accumulate.
A qualified trader must have the ability to maintain emotional stability!!!
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