$FOLKS tells a story that happened to me. One day, Coai shook me into going long at 9.7, and when it rebounded to 11 dollars, I didn't run. Suddenly, there was a surge in volume, and it dropped sharply; it fell hard, breaking directly through 8.3. Then I started to recharge, thinking there would be a rebound, so I directly added to my position. It didn't hold at 8.3 for long and fell directly to the sevens. When it started to rebound, I cut all my losses. I felt too weak.

Later, it dropped to 3.4. Then it started to fluctuate from 3.4 and soared to 17 dollars in one breath.

After cutting losses, I actually felt quite comfortable. But looking back from today's perspective, if I hadn't cut losses and had participated heavily, I might have had a chance to recover and make some money. Because of this trade, I lost 4000 yuan. It's been two months since that 4000 yuan loss, and I still haven't made it back.

Sometimes, cutting losses is a very simple thing; after you cut, you feel relieved. After losing here, you run to another place to continue losing.

With the current market situation, who can guarantee that after cutting losses here, you won't continue to lose when you move to another place?