After so many years in the cryptocurrency world, I went from losing 8000u to only having a few hundred left. Now, I've reached 8 figures, all thanks to a set of 'foolish' trading logic:
Treating myself like a fool, I charge in when I can win, and I run away immediately when I can't.
The core of this logic is my complete acknowledgment of being 'foolish'.
When I first entered the market, I always thought I was smarter than others, believing the market was a 'money piggy bank', with my head full of thoughts about making quick money.
At that time, I was crazily studying MACD and candlestick patterns, always trying to accurately catch the bottom and escape the top, thinking I could keep up with the big players. I was exceptionally confident when placing orders, and when the market went against me, I stubbornly held on, losing terribly several times.
Later, I figured it out:
There are too many smart people in the market; it’s better to admit I’m 'foolish'.
If I can't understand complex theories, I just focus on the simplest trends;
If I can understand only a few market movements, I just trade one or two that I'm confident about, ignoring even the most tempting opportunities. More importantly, I know that I will likely be wrong, and once the market proves my judgment is mistaken, I immediately close my position and leave — for a 'fool', making mistakes is a common occurrence.
Occasionally getting it right, I only consider it good luck and quietly feel grateful.
Then there's 'fight to win until the end'.
As a 'fool', I rarely get it right in a year; if I win, I should take my profits, otherwise, it's a huge loss. After losing so much before, it’s hard to catch the trend when it finally comes; I must hold on tightly and earn as much as possible while the momentum lasts, to make up for the previous losses.
Finally, there's 'run away if I can't win'.
I often make mistakes, losing is quite normal; if I don't run, should I wait to be 'trapped'?
I have a family to support and can't lose all my capital due to one mistake. 'As long as the green mountains are there, I’m not afraid of not having firewood'; if the market trend is wrong, I run faster than anyone else, absolutely no dragging my feet.
I used to think I was smart, but the more I traded, the more I lost; after admitting my 'foolishness', I gradually started to profit.
This 'foolish theory' may not be brilliant, but it has allowed me to establish a foothold in the cryptocurrency world.
If you are also confused in the market, see if this 'foolish method' can help you. $BTC #加密市场反弹
