Recently, many brothers have been panicking and asking me if they should cut their losses. Let me share some of my experiences with investing in spot trading. I made about twenty times profit, but I also experienced being trapped in spot trading. Firstly, the general direction predicts that the bull market has not ended. Secondly, I basically have no experience of cutting losses in spot trading, especially in this clear major cycle trend this year.

The first one is ORDI. At that time, I bought it at 24. Two days later, it dropped to 20. Many people in the comments were criticizing this coin as a domestic scheme, but that wasn’t the most important part. The most devastating thing was that two days later, one of the Bitcoin developers, Luke, claimed that the inscription was a bug in the Bitcoin blockchain and that this bug would be removed in the future. This was a bolt from the blue. It meant that the inscription would no longer exist. Many were bearish about the domestic scheme, causing it to drop nearly to the 15/16 position. However, the words 'cut losses' do not exist in my dictionary, so I just held on, and as a result, after more than one to two months, it rose to over 90+, and I exited at an average price of 70.

The second one is Binance's first pre-market trading, SCR. I estimate that many people fell into the trap with this coin. After I bought it at an average price of 1.0 in the pre-market, it rose to about 1.5, almost a 50% profit, but I didn't sell. When it officially launched, there was an inverted hook, and it directly fell below 1.5 to a minimum of 0.5. Again, a bunch of people came out to be bearish about the domestic scheme. However, cutting losses was not an option; I just held it and left it alone. Just a few days ago, it rose to 1.4 again, and I successfully broke even and increased my position in Neiro.

However, this coin SCR caused me to miss out on selling USUAL, only making a 70% profit on spot trading. I had previously recommended it at 0.28, and I also posted when I exited.

This is one of the few experiences I had of being trapped. In short, as long as you believe in a coin, it doesn’t matter what others say, whether it’s delisting or a domestic scheme. Just stick to your conviction, buy on dips, and go all in. Chasing rises and cutting losses is something that retail investors do. If you don't treat money as money, you won't make money. So just go boldly into spot trading; once the bad news is fully released, it becomes good news. There's nothing bigger than fixing the inscription bug as bad news.