There are three types of mindsets on Binance:

Two of the most dangerous mindsets in crypto and most of you have at least one.
The most common one that i see every SPOT holder says "It's not a loss unless I sell."

Bro bought at $1. It's now $0.15. But he's calm because "it's still in my wallet." Meanwhile he's sitting on a 85% drawdown telling himself he's a long-term investor.

That's not conviction. That's just not being able to admit you were wrong. The market doesn't care about your entry price.
I don't know how people justify it, your unrealized loss is still very real money gone.

No 2: Opening perps with no stop loss.

Most of the traders i talk to they don't use stop loss their stop loss is their liquidation price.

"I'll close it when it comes back to my breakeven" Usually it doesn't come back and even if it does, It comes after Liquidating you.

Trading without a stop is just gambling with extra steps. You don't have a strategy, you have a hope.

Here's what actually works:
✅ Set a max pain level before you enter. "If this hits X, I'm out."

✅ For spot ask yourself: "If I didn't own this, would I buy it right now at this price?" If no, why are you still holding?
A trade is a trade, Doesn't really matter you are taking it on Perps or on SPOT. Always have a pre-decided stoploss.

Taking a trading loss is absolutely fine. No trader has a 100% win rate.
If you cut losses quickly, you still have capital left to take the next trade and recover.
But if you leave every trade running on hope, eventually you’ll lose all your money.