The biggest fear when trading is that a single thought can ruin the entire game. A couple of days ago, I tried short-term trading twice on a popular coin, and ended up only making 1%. I had set a plan to stop loss if the price drops more than 5%, but that small gain threw me off balance mentally.
Looking at the daily chart, everything seemed fine, so I got impulsive and decided to hold on, even adding to my position. Now, my account is so wiped out that I’m reluctant to cut losses—this is a classic gambler’s mentality taking over.
Everyone knows this pattern: small wins get you hyped → luck makes you overconfident → add to positions or hold longer → trigger bigger losses → stuck in a dilemma. I’m currently trapped in this vicious cycle.
Have any brothers experienced something similar? I really want to hear your advice—should I grit my teeth and cut losses or keep holding? But thinking about it now, just asking this question already gives away the answer...
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just_another_fish
· 14h ago
Stop-loss is all it takes; if you can't withstand this hurdle, you'll eventually get liquidated.
Only when you accept defeat can you leave the gambling table alive.
I really don't have much advice, just two words: accept the loss.
Small wins are the most harmful, more painful than direct losses.
That's why I now only set stop-losses and don't watch the market.
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SoliditySurvivor
· 14h ago
Stop-loss is a psychological battle. Honestly, you already know the answer.
The lesson of going all-in once and paying the price with blood, you really need to experience it once.
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ETHReserveBank
· 14h ago
Stop loss, stop loss, stop loss. Saying it three times is useless; the key is to execute, brother.
Small wins are the most toxic, really... a one-point gain can make people forget the pain of five points.
Asking this question already shows you know the answer in your heart. Why are you still hesitating?
Adding to your position the moment you already lost means you've lost already—purely a psychological game.
Wow, being fooled by 1% is indeed... remember this lesson next time.
Stop loss is easy to talk about but hard to do; however, when it's time to act, you must act.
I've been through it too, and I found that those who stubbornly hold on often end up in deep pits—no exceptions.
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Blockchainiac
· 14h ago
Stop loss and it's over, dragging it out will only make it worse
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It's the same old story, the classic move of adding positions after a small win
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Wait, no, if you've already seen through it, why are you still hesitating?
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If you can't hold on, just cut, psychological resilience is more important than technical indicators
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That's why most people consistently lose money
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Asking this question now means it's time to set a stop loss
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The biggest enemy in the crypto world is your own greed, there's no way around it
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Just one gamble and the market is lost
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You should have cut your losses long ago, the longer you wait, the more painful it gets
The biggest fear when trading is that a single thought can ruin the entire game. A couple of days ago, I tried short-term trading twice on a popular coin, and ended up only making 1%. I had set a plan to stop loss if the price drops more than 5%, but that small gain threw me off balance mentally.
Looking at the daily chart, everything seemed fine, so I got impulsive and decided to hold on, even adding to my position. Now, my account is so wiped out that I’m reluctant to cut losses—this is a classic gambler’s mentality taking over.
Everyone knows this pattern: small wins get you hyped → luck makes you overconfident → add to positions or hold longer → trigger bigger losses → stuck in a dilemma. I’m currently trapped in this vicious cycle.
Have any brothers experienced something similar? I really want to hear your advice—should I grit my teeth and cut losses or keep holding? But thinking about it now, just asking this question already gives away the answer...