Many people actually don't pay much attention to stop-losses, thinking that holding on will cause the market to rebound. But my experience tells me how dangerous this idea is.

In yesterday's market, if I hadn't stopped loss in time, the recent dip in ETH would have caused me to lose 5,000 units directly. Just thinking about it is terrifying. Fortunately, I made the decision quickly at the time, executed the stop-loss, and now that the price continues to decline, I am glad I made the right choice.

Many people think that stop-loss is just admitting defeat, but in reality, it's the most basic risk management. The market won't reverse just because of your obsession; if it’s going to fall, it will fall. Instead of being forced to liquidate, it's better to proactively control losses. This lesson of 5,000 units has made me understand even more why seasoned traders never shy away from stop-losses—because staying alive is the key to continuing to make money.