The real way to widen the gap between retail investors is never through profits, but through the handling of losses No one loses money in investment. The biggest difference between experts and retail investors is that they don't move around when they lose, and they don't become greedy when they make a profit. Loss is not a risk, emotional manipulation after a loss is. Share the most practical three-level loss coping rules, retail investors must bookmark them Neglecting losses within 5%: purely normal fluctuations. Watch less and operate less, the more you watch, the more anxious you become, and the more anxious you become, the more wrong you become. Loss of 10% -20%, review logic: buy logic still=hold or lower absorption cost, logic broken=decisive stop loss, never take chances. Losing more than 30% and refusing to hold on until the cost is recovered: the most toxic mentality after a big loss is to sell at the cost. The reality is that they are reluctant to leave after returning to their original investment, and then they engage in a second round of deep scheming. Deep losses require first reviewing positions and targets, rather than waiting for miracles like death. After losing money, only do three things and instantly become rational: 1. Suspend operations, stay calm overnight, and avoid emotional trading. 2. Write down the reasons for the initial purchase and check each item to see if it has expired. 3. Set stop loss in advance, accept small losses, and prevent large losses. Top investment cognition: Novices are afraid of losses, while experts use losses to correct them. The market never eliminates people who lose money, only those who lose money recklessly, carry on stubbornly, and become emotional. Only those who can control losses deserve profits.