Why do seasoned investors always manage to exit with profits, while others are wiped out? It all comes down to knowing where to draw your "cut-off line." Come with me, and I'll reveal the secret. Many mistakenly believe the market is a contest of wisdom and skill, spending their days studying candlestick charts, strategies, and AI signals, neglecting the most crucial point: losses aren't scary; what's scary is stubbornly holding on. Profit and loss are essentially a game of probability, and seasoned investors truly win through their respect for risk and self-discipline. Their "cut-off line" isn't a number they came up with on a whim, but rather lessons learned from countless mistakes. Novices always think they can recover by waiting, but veterans have already set their bottom line and never hesitate to cut their losses. You'll find they never gamble on low-probability, yet fatal, miracles, even if ridiculed for being "not greedy enough" or "missing out on big market moves," they don't care. Because in this market, survival is paramount. Often, the more seemingly shrewd a retail investor is, the more obsessed they are with proving themselves right. On the contrary, those who face losses with equanimity and are willing to admit defeat are the ones who survive longer. The data has already proven this: those who survive a cycle are mostly cowardly "cowards" who fear death. Now it's your turn. Ask yourself: if the market crashes by 20% tomorrow, can you cut your losses without hesitation? Or are you still fantasizing about a miraculous rebound? Stop believing in the myth of short-term riches. Real winners do only one thing: strictly adhere to their "cut-off line," even if this choice seems uncool or outdated. Now tell me, how did you set your "cut-off line"? Have you actually followed it? Do you dare to be like me, rejecting illusions and living with clarity?