In the cryptocurrency market, the harshest lesson is ignoring the importance of stop-losses. I have seen too many traders, so close to success, ultimately fail because of one simple thought: "Just wait a little longer, it’s already dropped so much, the rebound must be just around the corner."

When the price drops by two or three percentage points, they always comfort themselves: give the market some time. After it drops another five percentage points, they convince themselves again: the downtrend should be almost over. However, the result is often watching their accounts gradually go from profit to zero, with their emotions shifting from resentment to complete numbness. What truly defeats them is not the market itself, but the obsession within that refuses to let go.

This is the most profound warning in the crypto world: traders who don’t understand stop-losses will eventually be ruthlessly liquidated by the market.

By observing the experienced players who survive bear markets, I’ve found they share only one common trait—strong decisiveness. When the market trend fails to meet expectations, they retreat without hesitation. Admit mistakes and reallocate. What’s the harm in paying some fees? Preserving strength is key to waiting for the next opportunity.

On the other hand, those traders who are always hoping for a miraculous price rebound tend to fall into the same trap again and again. They always think: "This time will be different," yet they repeatedly make the same mistake.

The rules of the crypto market are actually very simple—the longer you delay your stop-loss, the greater your eventual loss will be.

I’ve made similar mistakes myself, clinging to losing positions and fantasizing that the market would rebound. But later I understood one principle: the market will not be more forgiving because of your hesitation.

Mature traders don’t rely on prayers and luck, but on strict trading discipline to ensure survival.

Now, every time I open a position, I first consider the stop-loss level. Once the price falls below the set limit, I exit immediately, even if I might miss a subsequent rebound; I will never stubbornly hold on to the trade.

Because I know very well: making a mistake once allows you to start over, but if you stubbornly stick to a wrong decision, it could force you out of the market.

A price drop itself is not scary; what’s truly frightening is the unwillingness to admit your judgment was wrong. #参与创作者认证计划月领$10,000 #