A couple of days ago, someone asked me: in the crypto circle, how can one survive for a long time?
$BEAT I only remember what a senior said. Back then, he invested 200,000, and now it's 30 million.
$PROMPT He said: the most expensive thing in this market is not the candlestick chart, but the emotions.
$FHE Whether one can make money actually comes down to three points: do not be impulsive, do not be greedy, do not mess around.
Think carefully before placing an order; if you get too excited and go all in, that's not trading, it's desperation.
In a choppy market, it's best to take less action; real opportunities can be understood at a glance.
Most people lose money because of two words: overreacting.
They chase when the price goes up and cut losses when it drops, being educated back and forth by the market.
Remember three sentences: don't chase when the price rises too quickly, don't buy when it drops too harshly, if you don't understand, just wait and see.
Lastly, and most importantly: position and risk always come first.
Don’t go all in, don’t touch your living expenses, don’t borrow money to enter the market.
As long as you don’t exit, the opportunity will eventually come to you. Survive first, then make money.
