$ZEC My trading principles are not made out of thin air; they are all exchanged through money and lessons learned.
Recently, the market has been extremely volatile, reminding me of my foolishness from earlier years.
At that time, I always thought I was smarter than the market, and when I encountered a thinly traded cryptocurrency, I stubbornly held on, resulting in a loss of over 10%.
It was then that I finally understood that the market is always smarter than you; if it says no, being stubborn won’t help.
Stop-loss is a lifeline; either set it at key levels or based on your risk tolerance.
Two years ago, when I took a long position on $BTC , I set a 2% stop-loss. I was particularly upset when I got stopped out, but looking back at that large bearish candle, I was grateful I got out quickly enough.
If you make a mistake, admit it; if you’re right, don’t mess around. Last year, during the $ETH market, I followed the rules to reach my target, earning 40% more than those who jumped ship midway.
In the crypto world, surviving longer is more important than making quick profits.
I’ve seen too many people multiply their investments several times in one year, only to be wiped out by the market the next.
I have a friend who has an accurate judgment but always gets scared off by small fluctuations; he lost 900,000 over three years, trapped in the chasm between 'knowing' and 'doing'.
If you want to establish a solid foundation, remember these four principles:
Don’t get carried away when making money, don’t gamble when losing;
Don’t chase after speed, only seek stability;
Follow the system, don’t overthink;
Never go all-in.
When I analyze the market, I focus on three points:
Volume (reliability comes with rising volume);
Key levels (if it breaks, it’s time to act);
Review (every trade must be recorded and summarized).
At the end of the day, trading is a contest with yourself; a calm mind provides opportunities, while confronting the market head-on will only lead to lessons learned.
If you are still stumbling around in the crypto world, why not follow me and take a look? I will pass this lantern to you!
