Last night, we shorted ETH at 2255, setting a stop loss at 2295, but we were stopped out.

This morning at 6 a.m., driven by news about the US and Iran, the market suddenly surged violently, reaching around 2396, and many friends who didn't strictly execute their stop losses were directly caught in a trap.
This is also why I repeatedly emphasize the importance of strict stop-losses; market risks can be uncontrollable suddenly, and risk management always comes first in trading. $ETH

Everyone must remember to set stop-losses when trading, and never hold onto losing positions.
Holding onto a position is really uncomfortable; once you can't withstand it, one trade can lead to liquidation.

Many people think that occasionally holding on can be recovered, but it’s that one time of recovery that can easily become addictive, gradually developing very bad trading habits.
But the market won't always give you face; when you can't hold on, one trade can wipe you out.

No matter how smooth your previous trades were or how much profit you've made, as long as you have the habit of holding on, all your previous gains are just floating profits, and a single wave of market movement can take everything away.

In fact, in trading, setting a stop loss is nothing unusual.
The most important thing in trading is to develop good habits: firmly not holding on to losing positions, strictly using stop-losses.
A normal trade usually only involves a stop loss of 30-40 points; you need to be able to afford the loss to deserve the win.
Many people hold on because they are unwilling to give up normal losses, thinking of stubbornly holding on and betting on a market reversal.
But once you start holding on, and then panic and set a 200-point stop loss, you can lose 200 points in one trade.
Even if you occasionally recover, every subsequent trade will subconsciously be held onto, and the risk will only grow larger.

Some people keep adding margin to hold onto positions, but the more they lose, the more they lose, which is completely unnecessary.

In trading, we can only make money through reasonable risk-reward ratios and by increasing our win rate; we absolutely cannot rely on holding on and gambling on market reversals.
So remember, always set a strict stop loss for every trade, and never hold onto losing positions.