Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#美联储回购协议计划 When this fan approached me, I quickly saw where his predicament lay.
2.2 The short position opened that day was actually profitable at first - it should have been a good trade. But the problem lies in one point: the profits earned were not taken in time. When the market reversed, not only could I not hold onto the gains, but I also stubbornly held on, and now I'm facing a floating loss of nearly 10,000 U, and my mindset has long collapsed.
I spoke very frankly to him, and it was quite harsh, but I had to tell the truth:
It's no longer a matter of right or wrong for you; rather, you've slid from trading into the realm of gambling.
The logic of 2.2 has already become invalid the moment the price broke through the key support. Continuing to dwell on the question of "will there be a pullback" is, to put it bluntly, meaningless.
The solution I proposed is very straightforward:
First, ensure survival, do not add positions, and do not fantasize about a comeback.
Secondly, when volatility creates gaps, decisively reduce positions or exit the market. Even if it means admitting losses, one must minimize the damage as much as possible.
Thirdly, remember this deeply - exiting when profitable and holding on when losing are essentially the same mistake.
The market never gives handouts to anyone, but it always rewards those traders who truly respect risk. Only by being able to withdraw in time can you have the capital to strive for the next turnaround.
If you are still struggling to choose which cryptocurrency to invest in due to the current market conditions, or feeling anxious about missing out or being stuck in a bad position, stop overthinking. What you should do is shift to a clear-headed risk mindset.