My painful lesson of losing 80% of my principal: never change your stop loss!
Last week during that market movement, I almost lost my entire account. I had originally set a stop loss to accept a loss of 50U, but when the price quickly hit the stop loss, I got flustered and impulsively moved the stop loss line back—comforting myself, "Just hold on a bit longer, it will definitely bounce back."
What happened next? A small loss turned into a liquidation, and the wound of 50U was turned into a huge gash of 200U. It was only when I slumped in my chair that I understood: moving the stop loss isn't adjusting a strategy; it's handing a knife to fear.
This incident taught me the most important lesson in the crypto world: controlling risk is always more important than pursuing profit. That’s why before I engage in any high-risk operations now, I always ensure that a portion of my assets is placed in the "absolute safety zone".
For me, this safety zone is @usddio. Yes, it's that stablecoin many people say "doesn't yield enough excitement". But after experiencing the pain of liquidation, you'll understand: stability is the highest form of profit.
The tag #USDD以稳见信 has now become a permanent reminder on my trading screen— the first goal of investing is not to win, but to avoid losing.
@USDD - Decentralized USD the best part is that it fundamentally reduces the impulse to "move the stop loss out of necessity". When you have a portion of your principal earning interest in USDD, you have a calmer mindset to enforce trading discipline.
Lost money? No worries, the earnings from USDD are there to cushion you. With a stable mindset, you won’t be ruled by fear at critical moments, making the suicidal decision to change your stop loss.
It acts like a "calm agent" in your investment portfolio, allowing you to strictly adhere to the iron rule of "moving the stop loss only in the direction of profit."
So, if you often make the mistake of "impulsively changing stop losses", don't just rely on willpower to tough it out. Try allocating part of your funds to stable assets like @USDD - Decentralized USD and use mechanisms to help you maintain your risk control baseline.
Remember, those who survive in the crypto world are not the ones who can make the most money, but the ones who can avoid losing the most.