I have to be honest: I used to be that stubborn donkey in the crypto world who insisted on fighting the market to the death. When I was floating with losses, I thought I was the next legendary trader; once I had floating profits, I immediately became a scared bird. Today, I want to discuss a painful topic—why can some people endure losses for an entire year but can't hold onto profits for more than three days? What psychological factors are at play?

**1. The most likely to avoid stop-loss are these types of people**

**Those with an over-the-top gambler mentality**

"Just a little longer, what if it rebounds?" Have you heard this before? Honestly, the pain of losing money is more than twice the joy of making money. So when floating with losses, cutting losses feels like cutting meat—persistently "holding on a bit longer"; but when making a small profit, they get nervous as hell, afraid that the duck they just caught will fly away.

The typical pattern is: add to a position after a 10% loss, continue to buy more after a 20% loss. Eventually, the position snowballs, and when they open their account, they go black and choose to turn a blind eye. There are many such people in the market, daily performing the tragicomedy of "I don't believe it."

**The "K-line philosopher" with exploding self-esteem**

For these people, stop-loss equals admitting defeat, equals getting slapped in the face by the market. "My judgment is correct, it's just the market manipulators messing around!" They can shout this ten or eight times. But the market doesn't care whether you accept it or not—when a one-sided trend hits, it directly sends you to the liquidation hall. Only those who have experienced it understand the feeling of being pressed to the ground and rubbed by the market.

**The lucky psychology frequenters**

This is the most dangerous. Once they relied on stubbornly holding on and actually recovered their losses, they think "this trick works." Take gold, for example: from 800 to 750, you didn't sell; when it rebounded to 775, you still thought "wait a bit longer, I'll get back to break-even"—but when it dropped to 720, you were stunned.

What is most harmful is this kind of "occasional winning." One success makes you treat luck as a strategy, and fortune as ability. This is the biggest trap in your psychological account.

**2. How do people who don't stop-loss take profits? The same absurdity**

**Losing money can be endured forever, but making money is like ants on a hot pan**

Floating profit of 5%? Immediately close! Floating loss of 20%? Play dead and lie down. This is the innate "disposition effect" of humans—when losing money, they instantly become ostriches; when making money, they run faster than rabbits.

The little mental calculation is: the trades that are recovered must be closed to convert into real cash. But in fact, it's the opposite—don't greed when you should, be firm when you shouldn't. The result? When a big trend arrives, you're already out; when the trend reverses, you stubbornly hold on.

**3. How to cure this disease?**

Honestly, rules are always more reliable than feelings. Whether you're a gambler, philosopher, or lucky guy, one truth always holds—

**First, both stop-loss and take-profit should be written into a plan, not decided on the spot.** Before entering the trade, decide in advance "exit when losing this much."