Family, who understands! Newbies just entering the crypto world often take 'small stop-loss, high take-profit' as their trading bible, holding onto these six words as a talisman every day. And what happens? Their accounts look like they’ve been eaten away by termites, slowly thinning out without understanding why — this is the big scam I want to expose today!
First of all, I have been analyzing the cryptocurrency market for 8 years, chasing bull market surges to bottom fishing in bear markets, and have seen too many friends lose faith in life due to what seems like 'rational' operations. Logically, it makes sense; who wouldn't want to lose less and earn more? But the key problem is: the market is not your pet, it won’t obediently follow your commands!
Those who understand, understand. The daily fluctuations of the crypto market are as natural as our breathing; a few points of ups and downs are really nothing. Newbies, on the other hand, set their stop losses thinner than paper, wishing that a price movement would trigger their protection. What happens? The market hasn't even had time to find its true direction before they're swept out by these normal fluctuations. Do you think you judged it wrong? Wrong! You lost to the market's 'background noise,' pure foolish behavior.
Looking at high take profits, newbies set their take profits with ambitions as high as the sky, as if doubling their accounts is just around the corner. But the reality is that most market movements never reach your 'ideal endpoint.' Prices rise a couple of steps and then pull back; after the pullback, they turn again, and your take profit target is always just out of reach. This creates a vicious cycle: small losses pile up one after another, while that big profit in your fantasies is always 'on the way', and your trading record becomes miserable to look at.
Here’s a key point for everyone—crypto trading is not about a single 'gambling fantasy', but about whether you can stay in the game long-term. Those who shout 'small stop losses and high take profits' every day are essentially reducing their own survival probability. An account never collapses all at once; it is slowly drained in these seemingly 'stable' operations.
Based on my years of practical experience, here are two more reliable operational ideas: First, set your stop loss at 'meaningful positions', such as where key structures are broken, rather than randomly picking a number. Give the market a bit more room to move; it will tell you the real direction. Second, don't just wait for the 'finish line' for your take profit; realize profits in batches at key resistance or support levels, securing part of your profit first, and let the remaining position follow the trend casually. This way, you're neither greedy nor passive.
In fact, the difference between newbies and veterans often lies in whether they can jump out of this 'seemingly correct' thinking trap. Real trading progress is not about how many complex indicators you learn, but about avoiding these deadly pitfalls first.
In the future, I will continue to share practical skills in the crypto market, such as how to judge key structures and how to accurately find buy and sell points, all insights I’ve gathered from stepping into countless pits. Follow me@链上标哥 so you don't get lost!
