This time, the stop loss is set at the 92,000 level, and the logic is actually quite clear. 91,500 serves as the previous resistance level. Once the price stabilizes above 91,200, it usually breaks through upward—this is the basis for setting the stop loss.
Although this trade resulted in a loss, from the trend perspective, my judgment on this resistance level was correct. That’s what I’m quite satisfied with.
Many people think that a stop loss means losing money, but that’s not true. The key is to preserve the principal. In the trading market, as long as the principal is intact, there’s always a chance to make a comeback. The purpose of a stop loss is not to make you money but to help you survive longer. Being able to participate in the next opportunity is itself a win.
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RugDocScientist
· 1h ago
Even after losing money, I can still smile and summarize; this mindset is indeed commendable. The key is not to get burned and feel the pain. Next time, keep going.
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OnchainDetective
· 01-05 06:40
Basically, stop-loss is about staying alive to make money; losing a bit of money isn't a big deal.
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LayerZeroHero
· 01-05 06:30
It turns out that the accuracy of identifying support and resistance levels is a different matter from actual stop-loss execution... I respect this logic.
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TeaTimeTrader
· 01-05 06:26
Correctly predicting the resistance level but ending up with a loss—this is ridiculous.
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ImpermanentLossFan
· 01-05 06:24
Still able to smile despite losing, I respect this mindset. The real win is having the principal alive.
This time, the stop loss is set at the 92,000 level, and the logic is actually quite clear. 91,500 serves as the previous resistance level. Once the price stabilizes above 91,200, it usually breaks through upward—this is the basis for setting the stop loss.
Although this trade resulted in a loss, from the trend perspective, my judgment on this resistance level was correct. That’s what I’m quite satisfied with.
Many people think that a stop loss means losing money, but that’s not true. The key is to preserve the principal. In the trading market, as long as the principal is intact, there’s always a chance to make a comeback. The purpose of a stop loss is not to make you money but to help you survive longer. Being able to participate in the next opportunity is itself a win.