This mistake is common and never dies; people tend to get more greedy of wondering they can get more of what they have so their emotions conquer to hold more their position after that makes another mistake tends to lose their position and gets liquidated, if you are a newbie trader this most happens but if you are experienced trader cutting loss is the most suitable than burning more your money, also have a plan until when you will hold and until what price there's a reason why TP/SL feature added in futures trading. Use this as your safety measurement.
Yes, I think this is often warned repeatedly. However, until now, these errors still occur very often. Not only for newbies, but also for people who frequently trade. However, I understand that sometimes people tend to be greedy. This usually happens because someone wants maximum profit, so they continue to hold the assets they own. In fact, the best way to avoid this is to sell the asset for a percentage. For example, if our price target is reached, we might sell 10% to 30% of the assets we own, and continue doing that. If the price goes down, we can buy it back.I personally believe that we should not really consider this as something normal, and we should just focus on how to make it better and bigger in the end. This should not be all that complicated, we should just focus on how to make it bigger and better. We do realize that things are not really that great or simple right now, it's something that will definitely be given as something that will take a while, so we can't really make it work any other way around.
