After being in the contract for a long time, I finally understand a simple truth: whether you can make money doesn't depend on how smart you are, but on how well you can execute.
The first rule is to protect profits.
When it rises, you need to keep an eye on it, not to see how much more you can make, but to ensure that what you've gained doesn't slip away.
For example, if a trade has a 10% gain, that serves as a reminder.
If it falls back to your entry point, exit immediately without hesitation.
When it rises to 20%, you can set a baseline for yourself—at least secure half of the profit.
At 30%, protecting 15% is considered satisfactory.
You can't always catch the highest point, but you can maintain profits through discipline.
The second rule is to admit mistakes quickly.
If you hit your stop-loss line, you must exit.
Whether you set it at 10% or 15%, it doesn't matter, as long as you can execute.
If you sell and then suddenly it rebounds, that's not bad luck; it indicates that your entry was wrong this time.
Mistakes come with a cost, and there's nothing shameful about it.
What is most feared is not the stop-loss, but holding on until the account collapses.
The third rule is the buyback mechanism.
If you sell and it continues to drop, but you still believe in this line, then buy back the same amount.
This way, you haven't lost any coins, and your funds have increased.
If it doesn’t drop much after selling and rises back to your price point, you should also buy back again.
Even if it costs a bit more in fees, it’s far better than chasing after rising prices everywhere.
This method may sound troublesome, but it's actually designed to avoid getting trapped in emotions.
When it rises back to the original point, buy again; if it drops, then stop-loss. If you do this a few times, you’ll discover which price points are stable and which are false.
There's no need to predict; just follow the rules.
Short-term trading is not about random guessing.
Fast does not mean recklessness;
Chasing does not mean blindly rushing;
Taking profits does not mean being timid;
Holding cash does not mean doing nothing.
If you want to last long and earn steadily, don’t focus on the highest and lowest points.
The only two things you can control are: when to enter and when to exit.
The rest can be left to the market.
There are opportunities in the crypto world, but there are more traps. Very few people can truly make money. Follow Uncle Nan and let him help you turn the tide in this market!
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