Having been in the crypto space for a long time, what I want to say to my brothers is this: those who really understand the ropes all know the eight words 'do not earn small money, do not lose big money'.
In the past, people often asked me 'why are you stable in your trades', and the answer is simple: I have focused on the higher level market trends — the weekly and monthly charts are the 'calming pill' for us ordinary players.
We don’t have channels for core information and can’t keep up with institutional movements; all we can rely on is the market itself.
When the weekly and monthly charts show a turning point, that is the signal to enter with real money; that’s when the layout is stable;
In contrast, the fluctuations below the daily chart are crazy, staring at the 15-minute chart and fidgeting around will only lead to frequent stop-losses, losing more and panicking, which is just self-inflicted suffering.
I was the same when I first entered the market, overflowing with confidence, thinking I could catch all the small fluctuations, whether it was a rebound of a few tenths of a point or a short-term pullback, I wanted to grab a piece.
What was the result? Educated by the market again and again, going from 'full of passion' to 'walking on thin ice'.
Later, I realized: the market is inherently full of uncertainty, but human nature tends to fear risks, always wanting a '100% win rate', which ultimately leads to the wrong path of frequent trading.
Wanting to earn from small fluctuations but being reluctant to set stop-losses, and when it's time to cut losses, unable to do so, getting more and more trapped, isn’t this the true depiction of 'wanting to earn small money but losing big money'?
Ultimately, trading is about competing with one’s own human nature:
If you fear losses, set your stop-losses in advance and don’t stubbornly hold on; if you want to make big money, cast a long line and let profits run slowly; if you keep being greedy for small gains, you will surely miss out on big market movements.
Those who can stand firm in the crypto space have all learned to give up the temptation of small fluctuations, focusing only on the higher levels and larger spaces, and only trading within their own rules.
In fact, the secret to success is very simple: cut off losses and let profits run.
If you don’t crave those small amounts of money, you won’t fall into the pit of large losses; if you walk this right path, compound interest will naturally come to you.
Moreover, compound interest is never a solo endeavor; it requires a group of people to remind each other to move forward — it doesn’t matter how fast I go; if we walk steadily together, we can go far @财神爷说币