Three Major Pitfalls to Avoid When Breaking Free from Losses
1. Ignoring Stop Loss: This is the main reason retail investors suffer long-term losses. Many lack awareness of stop-loss measures during trading, leading to an ongoing increase in losses.
2. Blindly Averaging Down: Continuously adding to positions in a downtrend not only fails to lower costs but also exacerbates losses.
3. Misconception: The belief that "as long as I don't sell, it doesn't count as a loss" is an extremely dangerous thought. Market declines may far exceed expectations, and blindly waiting for a rebound often makes losses harder to recover.
There are many effective methods to break free from losses, but the core idea is to lower holding costs, gradually recover losses, and ultimately achieve profitability. Jianbo's liquidation strategy is simple and practical, worthy of reference.
To break free from losses quickly, one must not harbor any illusions. Being trapped is already a passive state; it is essential to calmly analyze the market and not neglect it. The key to breaking free from losses is decisive decision-making, avoiding hesitation.
In the current market environment, many investors frequently incur losses due to a lack of a mature trading system, often falling into the trap of "buying leads to a drop and selling leads to a rise." Surviving in a highly competitive market requires not only solid trading skills but also proper guidance. If you want to further enhance your trading level, you can follow Peng Ge to learn how to operate steadily in the cryptocurrency space. $BTC
