I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.
That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?
Well, people usually learn more from their mistakes and their failures than they do from their success, that is a fact. So naturally, it is part of the trading experience and also investing experience to commit mistakes and lose money for the sake of experience.
In my case, I have lost money in the past because I decided to invest some bucks in Litecoin while the whole cryptocurrency market was experiencing a bull market.
It learned the lesson and since then I pay more attention to what I add to my portfolio and when I do it.