Trader Eugene: The recent losses from long SOL, failure to decisively stop losses and over-positioning are the key mistakes that led to the losses

trader Eugene Ng Ah Sio shared his recent trading summary, revealing his significant losses when going long on SOL. Eugene switched to long positions on SOL and its ecosystem after profiting from BTC, with a medium risk-return ratio set. However, SOL's price did not rise as expected, and Eugene did not stop loss in time. He added to his position when SOL fell to $200, ultimately resulting in a loss of $6.2 million, about 10.2% of his account's total. He reflected that the key mistakes that led to the loss were the failure to stop loss decisively and excessive position adding. Fortunately, he successfully made up for the loss through a series of profitable trades and concluded the importance of avoiding sunk cost thinking.