After spending a long time in the crypto world, you can always see similar scenes in late-night messages: someone excitedly says "Add another 500, it must rebound," only to delete the post a few hours later. This isn't a joke; it's played out almost every day in reality.

I know a guy who once firmly believed that "the bull market is not gone forever," and he stubbornly held on with twice leverage at the $121,000 level. What was the result? His margin was wiped out, leaving only a signature: "Crypto is too tough, I’m going to sell pancakes on the street."

Why do these stories keep cycling? It all comes down to two words—stop loss.

**Why can most people not implement stop loss?**

Because subconsciously, we equate "stop loss" with "giving up," and we stubbornly package "holding on stubbornly" as "faith." But the market doesn't care whether you believe or not; it just plays by its own rules.

An order without a stop loss is like driving on the highway with no brakes—things might feel okay for a while, but what’s the ending? You can't control that.

**Stop loss isn’t about skill; it’s about survival bottom line**

For me, stop loss isn’t a technical question of "whether to do it," but an execution issue of "whether I do it." No need for complicated tricks; the key is to set it in advance and stick to it.

For example:

Before opening a position, think clearly about your stop loss point—maybe -5%, or -8%. When it hits, exit immediately, without blinking.

Or use a trailing stop—once you gain more than 10%, move the stop loss up to the cost price. That way, at least, this trade won't lose money.

**True defense isn’t about avoiding being caught; it’s about "living to see the next market wave"**

Crypto opportunities are plentiful, but what’s truly lacking is the principal that always stays in your account.

Every stop loss, on the surface, seems like giving up the chance of "bouncing back," but in reality, it’s protecting the opportunity to continue trading tomorrow hundreds or thousands of times.

Those who are tangled in late-night chart analysis, debating whether to cut losses, might need to reevaluate the meaning of "stop loss"—it’s not the end of the story, but the beginning of the next chapter.

Staying alive is the only way to deserve the next bull market. Once, I stumbled in the darkness; now, at least I hold some light. The light is still there—are you following it?