To friends holding CLO, I have to be honest—don't wait for the market to give you its final lesson. By then, blood will be flowing everywhere, and the probability of being trapped and wiped out could reach ninety-nine percent.
When going long, take a moment to ask yourself: Is the price currently rising? It's a simple question, but most people don't dare to answer seriously. If the answer is no, then don't hesitate—close your position quickly.
I've seen too many people justify their actions with a bunch of reasons—talking about technical bottom zones, claiming they are long-term bullish. It all sounds smooth, but in reality, it's just self-delusion. The market won't change direction because of your reasons. If the price isn't rising, that's a signal. Don't deceive yourself, and don't make excuses to stay in. Admitting defeat in time is the greatest wisdom.
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LayoffMiner
· 11h ago
That hits too close to home. I'm the kind of person who keeps making up stories to deceive myself. Talking about bottom support, rebound imminent... but in the end, I suffer heavy losses and go home.
Prices are falling, yet I still hold on tightly—really brainless. Next time, I must be ruthless and cut losses, or I'll be doomed sooner or later.
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MetaverseVagrant
· 01-13 16:23
That hits too close to home. I'm the kind of person who makes excuses for myself every day... Technical analysis, long-term holding, Bitcoin is going to rise... but I still got cut. Admitting defeat is really much smarter than stubbornly holding on.
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HalfIsEmpty
· 01-13 01:56
It's straightforward and blunt—if the price drops, why bother analyzing bottom formations? It's just seeking comfort for oneself.
Those who should have cut losses earlier only regret it after liquidation.
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BTCBeliefStation
· 01-13 01:55
That's right, I was trapped in this way too, constantly brainwashing myself about bottom accumulation, and now I'm numb.
If the price doesn't go up, just get out. This sounds cruel but it's really not wrong; I need to learn to admit defeat.
Another one tricked by themselves, all my social circle is full of reasons, and my wallet is full of losses.
Admitting defeat really takes courage, even more uncomfortable than holding on.
Not daring to sell is like gambling; winning the gamble makes you smart, losing it means you deserve it.
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MEVictim
· 01-13 01:48
If the price doesn't go up, I run away. It sounds simple, but it's really hard to do. I'm that kind of fool who just holds on stubbornly.
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GasWrangler
· 01-13 01:34
technically speaking, if you actually analyze the data on CLO price action... price going sideways isn't some mysterious signal, it's demonstrably false copium. most people just refuse to run the mempool analysis on their own bag, ngl
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SchrodingerAirdrop
· 01-13 01:27
Oh no, that was too harsh. I'm just that fool who uses technical analysis as an excuse to deceive myself.
The price isn't going up and is just stalling there. Serves me right for getting cut.
Admitting defeat in time is truly wise, but unfortunately, it's too late to realize that now.
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DeadTrades_Walking
· 01-13 01:26
Uh... that hits close to home, but I have to admit, what this guy is saying is the reality. If the price doesn't go up, cut losses. It sounds simple, but it's deadly to actually do.
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Another round of self-delusion in the "technical bottom" guessing contest. Wake up, everyone.
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Admitting defeat is indeed a skill, much more cost-effective than stubbornly holding on.
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CLO... people who should have already run are still telling stories. Typical self-deception mode.
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The most heartbreaking thing is actually just one sentence—if the price doesn't go up, get out. It's not that complicated.
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It's easiest to deceive yourself when you're trapped. I’ve done this myself many times.
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That's why most people lose money, and they only regret it when blood is flowing in rivers.
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Quickly ask yourself that question—there are few who dare to speak the truth.
To friends holding CLO, I have to be honest—don't wait for the market to give you its final lesson. By then, blood will be flowing everywhere, and the probability of being trapped and wiped out could reach ninety-nine percent.
When going long, take a moment to ask yourself: Is the price currently rising? It's a simple question, but most people don't dare to answer seriously. If the answer is no, then don't hesitate—close your position quickly.
I've seen too many people justify their actions with a bunch of reasons—talking about technical bottom zones, claiming they are long-term bullish. It all sounds smooth, but in reality, it's just self-delusion. The market won't change direction because of your reasons. If the price isn't rising, that's a signal. Don't deceive yourself, and don't make excuses to stay in. Admitting defeat in time is the greatest wisdom.