The biggest enemy in trading is often not the market, but oneself.

A few days ago, a friend came to complain that after holding a position for several days and enduring some losses, he stubbornly held on for three more days, only to finally cut his losses and exit, incurring significant losses. I asked him why he didn’t exit earlier, and his answer was very straightforward—he thought that holding on a bit longer would lead to a market reversal.

This is the core root of holding on to losing positions: avoidance mentality. Many traders fantasize that the market will favor them, believing they can turn things around if they just wait. But the market never changes direction based on personal wishes—that's the reality.

Occasionally dodging small losses through luck can reinforce this illusion. But the market will eventually deliver a fatal blow—liquidation, being forced out, losing all capital. Such cases are countless in the crypto world.

What do traders who last a long time have in common? Calm mindset, clear risk awareness, the courage to admit mistakes, respect for market trends, and decisive execution of stop-losses. These seemingly basic qualities can transform a reckless gambler into a rational trader.

Don’t let confidence turn into arrogance. Keep a steady mindset—this is the pass to survive in the market. Going solo often leads to crashes; guidance from others helps you stay steady and go far.