Last month, I met an old veteran, someone who has truly weathered the bear market. $RE
Started with 100k back in the day, rode the waves of bull and bear, and now his account starts with an 8, in the millions.
I thought he would share some secret indicators or strategies, but as soon as the tea was poured, he dropped a line: Most people lose money, not because they don't understand, but because they can't control themselves. $BTW
At that moment, I didn’t respond, but I mulled over it for several days.
Later, he talked about a few things that were simple but hit hard. $LAB
He said many people panic when they see the candlestick rise, afraid of missing out, and jump in right at the peak. When the market drops, they freak out and end up cutting losses at the bottom.
There's a saying I remember to this day — real market moves only start after cleaning out the weak hands.
And there's a pitfall that almost everyone falls into: when a big bearish candle shows up, they scream to buy the dip, but as soon as you enter, there’s a deeper pit below.
The harshest truth in crypto is: just when you think it’s low enough, it can drop even further.
The true bottom is never at a price you find comfortable; it usually emerges when no one dares to touch it.
Another point I totally agree with — many people die in sideways markets. When it doesn't go up or down, they get antsy, wanting to make a move, and end up getting battered back and forth.
He said his toughest strategy: just avoid sideways action, better to miss out than to mess around.
What I heard wasn't anything profound, but looking back over the years, I realized one truth: most losses aren’t from the market, they’re self-inflicted.
Chasing highs, trying to catch bottoms, frequent trading, holding on too long — individually, these aren’t fatal, but stacked together, they lead to exit.
The market has never changed; the only thing that changes is — can you control yourself?
I'm Cheng Ge, I've been in this market for many years, I've seen too many go from making money to zero, and I've also seen those who build up step by step.
Those who last are never the smartest, but the ones who stick to their discipline.
Started with 100k back in the day, rode the waves of bull and bear, and now his account starts with an 8, in the millions.
I thought he would share some secret indicators or strategies, but as soon as the tea was poured, he dropped a line: Most people lose money, not because they don't understand, but because they can't control themselves. $BTW
At that moment, I didn’t respond, but I mulled over it for several days.
Later, he talked about a few things that were simple but hit hard. $LAB
He said many people panic when they see the candlestick rise, afraid of missing out, and jump in right at the peak. When the market drops, they freak out and end up cutting losses at the bottom.
There's a saying I remember to this day — real market moves only start after cleaning out the weak hands.
And there's a pitfall that almost everyone falls into: when a big bearish candle shows up, they scream to buy the dip, but as soon as you enter, there’s a deeper pit below.
The harshest truth in crypto is: just when you think it’s low enough, it can drop even further.
The true bottom is never at a price you find comfortable; it usually emerges when no one dares to touch it.
Another point I totally agree with — many people die in sideways markets. When it doesn't go up or down, they get antsy, wanting to make a move, and end up getting battered back and forth.
He said his toughest strategy: just avoid sideways action, better to miss out than to mess around.
What I heard wasn't anything profound, but looking back over the years, I realized one truth: most losses aren’t from the market, they’re self-inflicted.
Chasing highs, trying to catch bottoms, frequent trading, holding on too long — individually, these aren’t fatal, but stacked together, they lead to exit.
The market has never changed; the only thing that changes is — can you control yourself?
I'm Cheng Ge, I've been in this market for many years, I've seen too many go from making money to zero, and I've also seen those who build up step by step.
Those who last are never the smartest, but the ones who stick to their discipline.