The recent market movement of SOL has caused me quite a few losses. I sold five-sixths of my position at the peak, intending to keep some core holdings for opportunities, but I didn't expect the price to plunge all the way down afterward. Watching the decline, I started to panic—initially adding to my position during the drop, increasing from one-fifth to one-quarter, but the coin price kept falling. When unrealized losses exceeded 100%, I couldn't resist adding another batch, and in the end, my entire position became too heavy to manage.



Looking back now, the biggest problem wasn't that I didn't sell everything at the top, but that my subsequent re-entry operations were completely chaotic. Having a small position was meant to be for flexible response, but I ended up adding more out of fear of losses expanding. Doing so only turned a small problem into a big headache. So I’ve learned my lesson—don't add to your position easily, and if you add incorrectly, it becomes a burden. Maintaining discipline is more important than anything else.
SOL-2,33%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MerkleMaidvip
· 01-07 09:48
This is a typical panic buy-in, I've done it too. At that time, my SOL holdings dropped, and in a moment of impulsiveness, I wanted to lower my cost, but instead I sank deeper. The key issue is mindset; you need to learn to hold back. The significance of a light position is right here, yet it’s often used to add to the position, truly shooting oneself in the foot. Stop-loss discipline is more valuable than anything else.
View OriginalReply0
YieldFarmRefugeevip
· 01-07 09:47
Talking about trading on paper is easy, but when it actually results in losses, people start to panic and overcompensate. No one can escape this mindset. This is the cost of panic-driven trading. I initially wanted to buy the dip, but it turned into a bag holder. The meaning of a light position is completely lost on oneself, how ironic. Where is the promised discipline? As soon as there's a loss, everything is forgotten. I'm also like that. Adding to a position is a double-edged sword; if used improperly, it can become a burden.
View OriginalReply0
ForkItAllDayvip
· 01-07 09:40
This is a typical panic buy-the-dip strategy; the more you buy, the deeper the hole you fall into.
View OriginalReply0
RooftopReservervip
· 01-07 09:38
This is the legendary "the more you buy, the more you lose," haha Where's your mind during the dip? Once your mindset collapses, it's all over I've experienced it all, one after another
View OriginalReply0
FortuneTeller42vip
· 01-07 09:35
This is a typical case of chasing gains and selling in panic; the more you buy, the more you lose.
View OriginalReply0
UnluckyValidatorvip
· 01-07 09:28
Adding to a losing position can really ruin everything; I've done this stupid thing too. Losing money makes you want to recover it, but the more you add, the deeper you go. This is probably a weakness of human nature—knowing the truth but unable to control the urge.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)