There's a particularly painful phenomenon: knowing you should cut your losses, but your finger just won't press the sell button.

Many people think it's a lack of technical skill, but actually, they started off wrong — stop-loss isn't a technical issue at all; it's purely human nature messing around.

**The First Hurdle: The Cost of Dignity**

When not cutting losses, it's not because you can't see the market has turned bad, but because you’re holding onto a pride, insisting on waiting for a reversal to prove you were right from the start. You're not protecting your money; you're defending that shaky "rightness." The result? Small losses drag on into big pits, and in the end, you lose everything including your principal and profits, only then realizing the mistake.

**The Second Hurdle: Self-Deception**

When losing a little, you think "Just a bit more patience, it'll bounce back"; the more you lose, the more convinced you are "I can't sell at the bottom"; when you're truly trapped, you start talking about faith and ideals, completely losing sight of trading fundamentals. You talk about analyzing trends, but inside, you're just hoping for luck. The market isn't that gentle — it will teach you a lesson with increasing floating losses.

**The Third Hurdle: How Difficult Is It to Admit Failure**

Pressing the stop-loss button is equivalent to admitting that this trade is a total failure. That feeling of being slapped in the face by the market can sometimes be more painful than the money lost. So you keep delaying, comforting yourself, fantasizing about miracles, until the losses become uncontrollable.

Those who can decisively cut losses are not necessarily mentally stronger; they simply ask themselves the same question every time: "Is the reason I entered this position still valid?"

When the logic is dead, just walk away. No entangling, no fantasizing, no turning back. They understand clearly that stop-loss isn't about giving up; it's about cutting the mistake with the least bloodshed, preserving capital for the next opportunity.

In the crypto world, no one rewards stubbornness; only those brave enough to challenge themselves are favored. Don't always think that leaving with dignity is embarrassing — in fact, that's the starting point for the next precise entry and a leap over the dragon gate.