I was bearish on this trend, but my judgment was completely wrong—the price just won't drop.
I just closed my positions. I didn't take profits in time before, so now I can only admit defeat and cut my losses to exit. This is the lesson the market gives—hesitate when you should exit, and in the end, you can only sell at a loss. Sometimes, when you get the direction wrong, you have to accept it; holding on stubbornly will only lead to bigger losses.
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Ramen_Until_Rich
· 12-05 08:02
Haha, I've seen too many such contrarian indicators. OP is really pointing us in the right direction this time.
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LiquidityWitch
· 12-05 07:56
If you have to cut your losses, just do it. After all, no one can predict the market for sure. Just learn the lesson for next time.
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CoffeeNFTs
· 12-05 07:54
Haha, this is what you call market education. Does it hurt?
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MiningDisasterSurvivor
· 12-05 07:53
Another repeat of the 2018 disaster. I’ve been through this before. If you make a wrong call, just accept the loss—holding on stubbornly is a death wish.
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LiquidatedThrice
· 12-05 07:43
Another guy who got taught a lesson by the market, I get it.
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SatoshiChallenger
· 12-05 07:41
Ironically, data shows that every time people "accept their losses" like this, it's often the market bottom [smirk]
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Yet another person taught a lesson by the market—there sure are a lot. Historical lesson: those who cut their losses usually do so at the worst possible time.
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Interesting, so you have to admit you're wrong if you pick the wrong direction? Then how do you explain those who got it wrong last year but ended up making a fortune?
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Objectively speaking, the stop-loss and take-profit theory has too many loopholes; the market's irrationality is beyond imagination.
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Not to argue, but anyone who looks back at that 2020 wave knows how dangerous this kind of decision can be.
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I've heard the phrase "cutting losses and exiting" too many times. Every time it's called a lesson, yet next time people still can't resist.
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Wait, so the final lesson learned is... just accept your losses? Isn't that the same as learning nothing [funny]?
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I've seen this move many times, and interestingly, they always rush back in six months later.
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IfIWereOnChain
· 12-05 07:40
Cutting your losses decisively is much better than being stuck and doing nothing.
I was bearish on this trend, but my judgment was completely wrong—the price just won't drop.
I just closed my positions. I didn't take profits in time before, so now I can only admit defeat and cut my losses to exit. This is the lesson the market gives—hesitate when you should exit, and in the end, you can only sell at a loss. Sometimes, when you get the direction wrong, you have to accept it; holding on stubbornly will only lead to bigger losses.