Yesterday, the pancake suddenly crashed, and many long positions were directly trapped.

Dropping down from the high position, the account looks worse and worse, and it's definitely not a good feeling—panic, regret, anxiety, all came.

Now many people have just one thought: can it go back up? Should we hold on?

First, let me be honest: don't act impulsively. Don't rush to cut losses, and don't impulsively increase your position to "make up costs." The more anxious you are, the more likely you are to make mistakes; the more you want to recover losses, the more you may end up losing even more.

This wave of decline did not come suddenly; it was caused by news, funds withdrawing, combined with a deterioration in technical trends. In the short term, bears still hold the advantage.

If you are still holding long positions, remember one thing: don't stubbornly hold on, a small loss is acceptable, but holding on stubbornly can easily lead to big problems.

In this market, surviving is more important than anything else. It's much more reliable to protect the principal and manage risk than to gamble on a rebound.

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