$BEAT Liquidation has never been defeated by the market,
but rather by oneself who refuses to bow down.
The hardest part is not the money being wiped out,
but the mindset collapsing on the spot.
You know very well that you should cut losses,
but you hesitate to take action,
only because you are unwilling to admit that this trade was wrong,
always holding on to the little fantasy of "maybe it will come back."
Many times,
it just takes one K-line,
while a person is still hesitating,
the account has already ended.
$PIPPIN
What's even more cruel is that,
these things keep happening repeatedly.
You understand the reasoning,
but when it comes to placing your own orders,
you are still dragged along by reluctance and luck.
Earning three thousand dollars,
immediately makes you feel invincible;
losing a thousand,
and your mindset goes out of control,
only thinking about recovering it immediately.
This has never been a technical issue,
it's human nature leading the operation.
What truly drags people down,
is not the market,
but the stubbornness and unwillingness to admit mistakes.
Cutting losses isn't "sacrificing capital,"
it's giving yourself a chance to survive.
Before the explosion, one always thinks about holding on a little longer;
only after it really explodes do you understand,
that being alive gives you the next chance.
Traders who can continue for the long term,
are not right on every trade,
but are willing to admit when they are wrong,
and walk away when they lose,
never confronting the market head-on.