Who understands, family! When I first entered the crypto world, I was simply the 'master of reverse operations.' When others were buying the dip, I was cutting my losses; when others were taking profits, I was chasing highs. Within three months, I lost everything except my underwear, and my girlfriend almost broke up with me. Later, I reflected deeply and gave up three fatal habits, gradually turning the situation around. Now, I can achieve stable profits every month through steady operations.
My core view: 80% of the losses ordinary people incur in the crypto world stem from their own bad habits. As long as you give up these habits, you have already defeated 90% of retail investors.
Here comes the valuable information. These three fatal habits must be given up: First, give up leveraged trading. At first, I thought my capital was too small and wanted to quickly double it with leverage. As a result, with 5x leverage, a small fluctuation directly caused a liquidation, losing not only my principal but also almost owing money to the platform. Remember, leverage is like a double-edged sword; ordinary people simply cannot control it. Even 3x leverage should be approached with extreme caution. Second, give up frequent trading. At the beginning, I could make a dozen trades a day, thinking I could accurately grasp every fluctuation. In the end, I spent a lot on transaction fees and made decision errors due to frequent operations. Later, I set a rule for myself: no more than 3 trades per month, which actually made my profits more stable. Third, give up the 'loss aversion' mentality. Many people, after holding positions at a loss, always think, 'I'll sell when it rebounds to break even,' but they end up trapped deeper and deeper, ultimately getting stuck. I later set a 15% stop-loss line for myself; as soon as the loss reaches this percentage, regardless of how reluctant I am, I force myself to sell to avoid further losses.
Share a funny experience: at first, due to loss aversion, I refused to sell a coin that had lost 20%, hoping for a rebound every day. As a result, it kept falling, and in the end, I lost 70% before I had to cut my losses. During that time, I couldn't eat or sleep, and I almost fell into depression. Since then, I have completely understood that learning to cut losses in the crypto world is more important than learning to make profits.
Now I have not only quit these bad habits, but I have also summarized a set of 'Antifragile Trading Methods' that allows me to respond calmly even in the face of a market crash. In fact, making money in the crypto world is not that difficult; the hard part is overcoming one's own human weaknesses.
Fan time: Follow me, @男神说币 in the next issue I will detail the 'Antifragile Trading Method', including a three-step response strategy for market crashes, teaching you how to protect your principal in extreme market conditions. Do you need me to organize the stop-loss techniques into a graphical guide for your easy reference anytime? #加密市场反弹 $BTC
