There is a legendary figure in the trading circle - Ed Seykota, and he summed up the survival rule in one sentence:

"The secret to profit? Stop loss, stop loss, or damn stop loss."

The tragedy lies in —

The vast majority of people go bankrupt because they can't bear to cut losses, summed up in these four words: "can't bear to cut."

Why?

Because the stop-loss thing is essentially slapping yourself in the face: hey, you made the wrong judgment.

And the psychological pain brought by admitting mistakes is even more fatal than the shrinking of the account.

So you start telling yourself a story:

"Let's observe a bit more, perhaps it will reverse soon."

"It's just one step away from success."

"I bet it absolutely won't drop any further."

Then you watch helplessly as the small hole turns into an abyss because of your own dragging.

Mathematical laws are colder than the market:

Lose 10%? You need to earn 11% to break even.
Lost 20%? Need a 25% increase.
Lose 50%? You need to double it to break even.
Lose 90%? Brother, you need to surge 900%.

Want to turn things around after a 90% loss?

That's not called trading; it's called reincarnation and re-cultivation.

Once the account is halved, the difficulty of the game is immediately maxed out:

Same principal
→ You can only buy half of the position now.
→ It takes double the returns to get back to the starting line.

Before even starting to make money, I've already fallen into a deep pit mode.

The real killer is not the misjudgment of the market.

but —

Hold on until the end.

The people who bear the orders eventually become "spiritual shareholders":

Holding a pile of junk in hand,
Every day, I silently chant "up up up" while looking at the candlestick chart.
Talk about value investing.
Feeling extremely anxious.

How many years to break even?

Come on, buddy.

In the crypto world, you can hold on for two or three years,
The project team has run away eight hundred times already.

My trading iron rules are just two:

① A single loss should never affect more than 2% of the total capital.

Cut directly to the stop-loss level,
Don't fall in love with the market.

② Treat stop-loss as an operating cost

Just like opening a store requires paying rent,
A small loss is the entry fee for you to keep playing.

Those traders who truly live long do not actually have a high win rate -

A win rate of 30% to 40% is quite normal.

Their core ability has never been "never making mistakes".

but:

"When it's wrong, only the skin comes off."

What about ordinary players?

Make one mistake, and you bury yourself.

Brothers, engrave this sentence in your minds:

A small loss is a passport to survival.

A huge loss, it's a death notice sent directly.

From this second on——

Learn to embrace stop-loss.

This step directly determines whether you can survive the next bull or bear market.