#MegadropLista #CryptoTradingGuide
In fact, stop loss is not only a risk management tool, but also an investment philosophy.
When the market trend is contrary to our expectations, and there is no sufficient logical support to believe that the situation will improve, then it is undoubtedly wise to choose to stop loss and leave.
Logical support should be based on well-founded analysis of the actual situation, not fantasy.
In my investment career over the past ten years, I have also encountered many unsatisfactory investment products. After buying these products, I often have a glimmer of hope that they will eventually get better.
Even if I am stuck, I will always hold on, always fantasizing that they can return to their past highs.
However, the result is often that it takes several years, not only does not get better, but the situation gets worse.
In the end, I couldn't stand it anymore and chose to cut my losses. Cutting my losses after a long period of patience not only brings a strong sense of frustration, but also a blow to my confidence. At the same time, it is also a huge waste of time and capital costs.
As time goes by, I gradually realize that not everything will get better with time. Time can prove the pros and cons of an investment product, but how much time can we waste on such proof?
Later, the investment system was constantly improved and became more concise and clear. Once I found that the direction or logic was wrong, I would stop loss without hesitation, which also made me clearly know the proportion of my trial and error cost.
Finally, six years ago, I improved and upgraded the system again. Compared with stop loss, it is more important to identify which market opportunities are greater, rather than sticking to a market and thinking that you can eat for a lifetime. ,
"Offense is the best defense"
To make good investments, you really need to keep learning, improving and summarizing, and improving.
Keep an open mind, always be ready to accept new things, and find and tap more opportunities in a changing era. #LayerZero
