2026-01-13 14:29:16

The legendary trader Jesse Livermore once said it best: "When I have to depend on hope in a trade, I get out of it." This captures the essence of disciplined trading. Hope is the enemy of rational decision-making. The moment you find yourself hoping a trade works out instead of having a solid thesis, it's time to reassess. Whether you're trading spot, futures, or analyzing altcoins, this principle holds true. Stop-losses exist for a reason. If your entry is based on conviction and data, stick with it. If it's based on wishful thinking, cut the position. That's how winners protect their capital across market cycles.

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WagmiOrRekt

· 3h ago

Those who rely on hope to trade will eventually be taught a lesson by the market.

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MindsetExpander

· 01-13 22:52

Really, once you start praying for the price to go up, it's basically time to cut your losses. --- Trades driven by hope must kneel; stop-loss is faith. --- I just ask, how many people hype up the market before entering, only to realize what "data" really means after losing money. --- Discipline is easy to talk about, but when your mentality explodes, you forget everything. --- Jesse has never used spot leverage, otherwise he would also fall into hope. --- Setting a stop-loss is the same as not setting one; you always think the price will rebound, but in the end, you go bankrupt. --- Lucky psychology is the universal ticket for retail investors, straight to liquidation. --- Counter-trend bottom fishing can spin you around, this is the power of hope.

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Layer3Dreamer

· 01-13 14:57

theoretically speaking, the moment you're hoping instead of proving is exactly when your recursive decision tree collapses... Jesse understood what most degens miss: discipline is just applied cryptography for your portfolio lmao

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MergeConflict

· 01-13 14:50

Honestly, I've heard this theory hundreds of times, and there are very few who can truly follow it... I often find myself wavering between hope and rationality. If you're relying on hope, you should run. There's nothing wrong with that, but who in the crypto world isn't a gambler at heart?

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HappyToBeDumped

· 01-13 14:50

Honestly, I hope this thing is just the beginning of losing money.

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DevChive

· 01-13 14:44

I hope this thing really is a trading killer; so many people have been liquidated because of these two words.

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TradingNightmare

· 01-13 14:37

For real, once you start "hoping," it's done for. That's when you should cut your losses—don't drag it out.

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LightningAllInHero

· 01-13 14:36

Jesse, this guy is really speaking the truth. How many people get liquidated just because of "hope," still stubbornly holding on. Hope is just hope; data is king. Honestly, how many times have I seen orders so green that it makes me want to vomit, yet still saying "wait a bit, maybe it will rebound"... Only later did I realize that was suicide. Stop-loss isn't weakness; it's the only way to stay alive and keep playing. In the crypto world, so many people die because of the two words "luck," really.

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