🎉 Congratulations to the following users for winning in the #Gate CBO Kevin Lee# - 6/26 event!
KaRaDeNiZ, Sakura_3434, Anza01, asiftahsin, GateUser-d0654db3, milaluxury, Ryakpanda, 静.和, milaluxury, 币大亨1
💰 Each winner will receive $5 Points!
🎁 Rewards will be distributed within 14 working days. Please make sure to complete identity verification to be eligible.
📌 Event details: https://www.gate.com/post/status/11782130
🙏 Thank you all for your enthusiastic participation — more exciting events are on the way!
In the trading world, there is a golden rule worth remembering: stop loss is the right choice, even if it seems wrong in the short term, it is still a wise move in the long run. On the contrary, stubbornly holding onto positions is often a mistaken strategy, even if it occasionally brings profits, it is difficult to achieve sustained success.
We can simply summarize this concept as: stop loss unconditionally! This is not just a slogan, but a principle that traders should adhere to. Without clear trading rules and discipline, even the most profound technical analysis will lose its significance.
The recent drastic fluctuations in the cryptocurrency market are the best evidence of this principle, aren't they? The prices of mainstream cryptocurrencies like Bitcoin, Ethereum, and Solana rise and fall, making one feel as if they are on a roller coaster. In such a turbulent market, sticking to a stop loss strategy is particularly important.
Market fluctuations are often influenced by various factors, including the statements of important figures and changes in policies. However, regardless of how the external environment changes, maintaining rationality and adhering to trading discipline is the key to victory. By setting reasonable stop loss points, we can effectively control risks, protecting the safety of our funds while also leaving room to seize future opportunities.
Remember, successful trading relies not only on accurate market predictions but also on effective risk management. In this uncertain market, stop loss strategies are undoubtedly our most reliable allies.