Two of the riskiest mindsets in crypto, and most of you have at least one.

The most common thing I hear from every SPOT holder: "It’s not a loss until I sell."

Bro bought in at $1. Now it’s at $0.15. But he’s chillin’ because "it’s still in my wallet." Meanwhile, he’s sitting on an 85% drawdown, telling himself he’s a long-term investor.

It's not conviction. It's just an inability to acknowledge that you made a mistake. The market doesn't care about your entry price.

I don't know how people justify this; your unrealized loss is still very real money that’s gone.

Number 2: Opening positions on perpetuals without a stop-loss.

Most traders I talk to don't use stop-losses; their stop-loss is their liquidation price.

"I’ll close when it gets back to my breakeven." Usually, it doesn’t come back, and even if it does, it happens after your liquidation.

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

Here's what really works:

✅ Set your maximum pain level before entering. "If it hits X, I'm out."

✅ For spot trading, ask yourself: "If I didn't own this, would I buy it right now at this price?" If not, why are you still holding?

Trading is trading, it doesn't matter if you're doing it on perpetuals or SPOT. Always have a pre-defined stop-loss.

Losing in trading is absolutely normal. No trader has a 100% win rate.

If you cut your losses quickly, you still have capital for the next trade and recovery.