The application of Qǐngcán in the cryptocurrency circle: When the market diverges from your judgment, you must cut off illusions and not act stubbornly.

When your held position shows a slight loss, and the market moves in the opposite direction of your judgment with a one-sided trend, you should resolutely exit first and observe.
It's better to miss out than to make a move!
Finally, stay away from some trash coins or coins that don't suit your trading style, because these types of coins often cause significant losses.