Why do most people lose everything in the cryptocurrency market? The reasons behind it are surprisingly simple!
1️⃣ Floating loss of $300: reached the stop-loss point, but hesitated to cut losses, thinking to take a look at the market, resulting in a worse outcome.
2️⃣ Floating loss of $500: found a "solid support level", thinking this critical position cannot possibly break.
3️⃣ Floating loss of $1000: reluctant to take a loss, self-deceiving: "Long-term investment does not set stop-loss!"
4️⃣ Floating loss of $2000: started looking at analysis and listening to expert opinions, "The masters are bullish, let's hold on a bit longer!"
5️⃣ Floating loss of $1500: rebounded, added a position, "Lowering the cost, doubling the profit is secured!"
6️⃣ Floating loss of $3000: the market dips again, simply thought: "If I lose all I earned this month, it’s not a loss! Adding positions!"
7️⃣ Floating loss of $5000: starting to shift blame, "It must be the big players washing the market, we retail investors can't be washed out!"
8️⃣ Floating loss of $4000: saw a glimmer of hope for a rebound, "Not adding positions this time, just hold on!"
9️⃣ Floating loss of $6000: hitting a new low, gritted teeth to add positions, "This is the bottom, a rebound will bring me back to break even!"
🔟 Floating loss of $7000: holding on to the last bit of hope waiting for the non-farm data, resulted in a total liquidation, account balance zeroed out.
What is the root cause?
Refusal to cut losses: unwilling to admit mistakes, leading to worse losses. Emotional trading: fluctuating between fear and greed, being led by the market. Fantasizing about holding positions to break even: using "wishful thinking" against the market, ultimately becoming a victim.
What is the real investment secret?
✅ Strictly follow stop-loss rules, stop the bleeding in time.
✅ Stay calm, do not let emotions control trading.
✅ Make a plan, be clear before operating, and don't change your mind during execution.
✅ Give up unrealistic fantasies, accept the market's rules.
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✅ Want to seize the bull market opportunity to achieve financial freedom?
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