No matter how perfect a trading setup is, losses are inevitable. Instead of obsessing over making a profit on every trade, it's better to focus on managing risk. First, learn to cut losses—don't let a small loss turn into a big hole; getting out early is wisdom. Second, draw a red line for yourself and set a risk limit, so even if you miss out on some opportunities, your overall health remains intact. Third, and most importantly—don't obsess over the win or loss of a single trade; focus on the overall performance of over a hundred trades. True winners are not those who win the most, but those who survive the longest.
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PumpAnalyst
· 3h ago
To be honest, I've known how to set stop-losses for a long time, but when it comes to critical moments, I still hold onto positions [laughing and crying].
I understand the principle of surviving longer, but executing it is too difficult. I really can't resist when I see the support level rebound.
Only after over a hundred trades can you see the level of skill, but I have a gambler's mentality. I want to go all-in on intraday swings, which is the real reason for harvesting the chives.
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GasFeeSobber
· 10h ago
Well said, living a long life is the true way to go.
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MoonlightGamer
· 10h ago
Well said, stop-loss is really the hardest part to implement despite seeming simple... Every time I think about waiting a bit longer, I end up getting caught. Living long is truly remarkable; that's the difference between us and those who get wiped out.
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LonelyAnchorman
· 10h ago
That's so true. Cutting losses really requires a tough mindset. I didn't cut my losses in time before, and a small loss ended up turning into a significant one.
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just_here_for_vibes
· 11h ago
That's so true, stop-loss is really a lifesaver.
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BridgeNomad
· 11h ago
nah this is exactly why i got liquidated back on that stargate bridge run... thought i could outplay the slippage on one trade, turns out optimal routing beats ego every time lol
No matter how perfect a trading setup is, losses are inevitable. Instead of obsessing over making a profit on every trade, it's better to focus on managing risk. First, learn to cut losses—don't let a small loss turn into a big hole; getting out early is wisdom. Second, draw a red line for yourself and set a risk limit, so even if you miss out on some opportunities, your overall health remains intact. Third, and most importantly—don't obsess over the win or loss of a single trade; focus on the overall performance of over a hundred trades. True winners are not those who win the most, but those who survive the longest.