Recently, I saw someone with a capital of twenty thousand rushing to cash out after earning a thousand. As a result, the market turned around and soared, and he could only regret "getting off early" in the comments.
$LUNA To be honest, you can't blame the market; it's you who got stuck in the "small money mindset".
I used to be like this too. Whenever my account rose by 3% or 5%, I couldn't help but want to sell, fearing that little profit would be given back.
$PIPPIN But what really upset me was not losing money, but watching the coins I sold then surge by 40%, 70%, or even double.
Conversely?
$TRUTH When the market drops, I can hold on particularly well, gripping tightly until I lose so much that my face turns pale before cutting losses.
Later, I realized: making a little money and losing a lot is simply the fate of a novice.
It wasn't until one time when I heavily invested in a so-called "dark horse" new coin that it dropped 80% in seven days.
In that moment, I woke up: many "dark horses" are actually black holes.
Since then, I only do the most straightforward, boring, but safest thing: I only focus on mainstream coins that have dropped significantly.
Others complain that it lacks imagination; I, on the other hand, like it for being as stable as an old dog.
I never guess the bottom; I always test with a small position first, add more once it stabilizes, and cut losses if it doesn't, treating it as if I bought the market a cup of milk tea.
People often ask me why I don’t try to catch the lowest point—brother, there is only one bottom, but pits are everywhere. One wrong step is enough to make you uncomfortable for half a year.
When the trend comes, even if it’s 5% more expensive during a pullback, I still add.
The market only rewards those who go in the right direction, not those who try to catch the bottom and end up with heartache.
The most important point, which I later realized, is:
Every time I make a profit, I first withdraw the principal. This approach is very counterintuitive but extremely effective.
The principal and part of the profit are taken off the table, and the rest is left to grow freely. If it rises, I'm happy; if it falls, I can still sleep soundly.
In these past few years, I've seen too many people become rich quickly and then lose it all, ultimately ending up without an account.
Those who can steadily make money are often those who seem "Buddhist", not anxious or hurried, and only take large swings.
I don't talk about myths of becoming rich quickly, nor do I discuss esoteric indicators; I only share things that can help you lose 90% less in the crypto world and live longer.
Positions are limited; if you want to change, now is the time.
