I have a friend
Her husband did something ruthless
Because he saw CZ's tweet on x
He tweeted to buy $aster for 2 million dollars at 0.9
Then a bunch of KOLs crazily shouted at 1.2 dollars
He thought he had figured it out, believing
$aster is the next $bnb
Afraid of missing out,
He secretly took out all the 400,000+ savings at home,
When aster pulled back to 1.0, he all-in.
Thinking to himself: fz cost 0.9, I entered at 1.0,
It's only 10% more, steady as an old dog
But now the price is $0.69.
His account has shrunk by 30%.
He is still holding on, saying: "CZ hasn't run away, what am I afraid of?
It will definitely wash out and rise
Now asking me what to do.
The problem arises
CZ spent 2 million dollars just like an ordinary person spends 2 dollars
To him, that's not money at all, just a number
He is afraid to tell his family,
Every day at work he is listless
And he still has a mortgage to pay at the end of the month
If it were a bull market it would be fine, but now it's a bear market
What lies ahead for him is to decisively cut losses and protect the remaining principal
Accepting a 30% loss, returning to the family.
Trading coins, it's not about who can hold on the longest, but about cognition and risk control.
Holding on will only result in losing the principal and the future of the whole family.
What you see as "CZ tweeted" and "KOL shouted orders" is in the past.
Relying on public information to trade essentially means doing liquidity exit when the price rushes to $1.2 and KOLs collectively shout orders,
Profit-taking might have already started to take place in batches.
Don't fantasize that whales will come to save you, the whales' money also comes from the wind
Investing with spare money is the first principle. Funds with huge psychological pressure are inherently at a disadvantage in trading mentality.
Once the mentality collapses, operations will inevitably deform,
The final result is often a return to zero
It is strictly forbidden to "hold on" in trades with negative expected value,
Risk control and stop-loss are the lifeline of traders
