Eight years of trading experience taught me one thing: in this market, surviving is itself a victory.
I've seen too many passionate beginners dreaming of getting rich overnight, only to exit in disgrace within a few months. The reason for their failure is simple—greed overcomes rationality. Trading is not gambling, nor is it a game of luck; it is a battle of psychological quality and execution.
First line of defense: mindset is more valuable than skills
Market fluctuations are the norm; when it rises, it dazzles, and when it falls, people want to cut losses and escape. Ye's experience: the more intense the fluctuations, the more you must hold steady. Seeing a red candlestick makes you want to cut your position? This is a typical reaction of beginners. But true winners do the opposite—they stick to their plan in panic and hit the brakes in greed. Calmness is not numbness, but discipline based on rules.
Second line of defense: diversify risks, never go all-in
No matter how accurate your technical analysis is, a margin call can happen in an instant. My iron rule is simple: a single position must not exceed 10% of total capital. This means that even if one trade hits the stop loss, your account can continue to operate. Position management may sound conservative, but it allowed me to survive in a bear market and continue to grow in a bull market. Always set a clear stop loss before building a position; this is not passive, but a confirmation of the baseline before taking proactive action.
Third line of defense: go with the trend, wait for opportunities
Understanding trends is one thing, executing correctly is another. I often use trend lines, moving averages, and trading volume to judge market direction, but the key is not to chase highs. The best buying points usually appear during pullbacks, when people's hearts are anxious, making it just the right opportunity for those with patience to get in. The trends of mainstream coins often provide the clearest signals; learn to wait for them to confirm the bottom before taking action.
Live longer to earn more.
Looking back over the years, there are often only a few moments of making big money, but opportunities to lose big money are everywhere. Those steadily growing traders succeed not because they are right every time, but because they never let a single mistake destroy their entire account. Most people's problem is not a lack of talent, but a lack of patience to wait and a lack of courage to admit mistakes.
The pits I've walked through are too deep, so I want to raise this lamp for those who come after. $ETH #加密市场观察
