On the path of holding positions, very few are left standing in the end. Those who suffer a harsh fall often realize only when they press the close position button — that they had already gone the wrong way.

Do you think the failure of holding positions stems from misreading the market? Wrong. The real root cause is that you are unwilling to admit your judgment was wrong.

A crypto friend once shared his experience with me: after repeatedly losing money, he stubbornly held on for a week, only to finally cut his losses and suffer a complete wipeout. I didn’t analyze the market trend with him; instead, I hit the core issue: the problem isn’t the trade itself, but how you handle losses.

Holding positions, frankly, is avoidance. Not wanting to admit mistakes, not wanting to acknowledge that the entry was terrible, so you push all your chips on the illusion that "it will rebound if I wait a bit longer." But the market is like a cold, emotionless machine — it only recognizes price and trend, and it won’t change its course because of your anxiety.

Once you fall into the vortex of holding positions, your entire trading logic collapses. Those once-rigorous plans turn into gambling, rational operations degenerate into blind prayers. You might dodge a few small pullbacks by luck, but once the market plunges deeply, all your previous luck is pointless.

Conversely, those thriving in the crypto world have surprisingly consistent strategies: admit when you’re wrong, keep stop-losses within acceptable ranges; if the direction is wrong, turn around and leave, no dragging things out; if the trend is unfavorable, prefer to stay in cash and wait rather than operate blindly.

These principles sound so simple they’re almost cliché, but they can pull you out of the emotional quagmire. Don’t mask holding on stubbornly as a symbol of willpower — that’s just an excuse for not wanting to cut losses.

True experts never wait until mistakes grow larger to cut, but decisively cut losses while the mistake is still small. Only then can you protect your principal and retain your chips to continue fighting in this market. Your trading journey will become smoother and broader the more you walk this path.