Losing money and still continuing to hold positions. This is a dilemma many traders have experienced.

The root of the problem actually lies in the brain. When you face real losses, your brain doesn't obediently admit defeat. Instead, it activates a set of self-protection mechanisms.

First is the biochemical response. The irrational, ever-expanding losses cause immense stress and pain. Your brain immediately starts secreting endorphins—a natural painkiller. This makes you feel numb temporarily, your psychological defenses are shattered, and worst of all, you keep holding onto your positions.

Then dopamine kicks in. This neurotransmitter injects a strong psychological suggestion, causing you to start fabricating stories. "Big players get rich by holding positions," "This time will definitely rebound," "My judgment can't be wrong"... These thoughts recur repeatedly and grow stronger.

Together, these two neurotransmitters create a pathological sense of excitement. You're no longer trading rationally but immersed in a self-deceptive pleasure. And what’s the final result? Usually, a margin call or liquidation.

Understanding this is very important. It’s not your fault; it’s a biological trait of the human brain. But knowing this is not enough—next, you need to learn how to fight against this mechanism.