After being in the circle for a long time, I often see similar plots in fan messages late at night: someone shouts, "Add five hundred more, it will definitely pull back," only to silently delete it a few hours later.
This is not a story; it's a reality that happens almost every day.
A friend who once firmly believed that "the bull market never looks back" stubbornly held on with double leverage at the position of $121,000, ultimately watching their margin go to zero, leaving only a signature: "The crypto circle is too bitter, I’m going back to sell pancakes."
The reason why such scenes keep repeating is often related to a despised term: stop loss.
Why do most people always find it difficult to "cut losses"?
Because we often equate "stop loss" with "giving up," beautifying "holding on" as "faith."
But the real market doesn't care about beliefs; it only respects rules.
A trade without a stop loss is like a car on the highway without brakes—maybe it can run for a while, but the outcome is often beyond your control.
Stop loss is not a "skill"; it is a survival bottom line.
For me, stop loss has never been a technical question of "whether or not" but a disciplinary question of "whether to execute."
It doesn't need to be a complicated strategy; the key is to set it in advance and execute it resolutely. For example:
Clearly define the stop loss point before opening a position (for example, -5% or -8%), and exit immediately without a second thought;
Or use trailing stops, moving the stop loss to the cost price once profits exceed 10%, ensuring that this trade at least doesn’t lose money.
True protection is "not afraid of missing out, only afraid of making mistakes".
The market is never short of opportunities; what’s missing is the capital that always "stays in the game."
Each stop loss seems to give up a chance for a "turnaround," but in fact protects countless opportunities for "continuing to trade tomorrow."
If you have ever anxiously stared at the market late at night, struggling with whether to cut losses, perhaps it's time to rethink the term "stop loss"—it's not the end, but rather a better beginning.
To be alive is to have the qualification to see the next bull market.
Before, I was bumping around in the dark alone; now at least I’m holding a torch.
The torch is still lit; it’s up to you whether to follow Ice Sister.
