When I first entered this market, I also went through that phase:
Watching the market during the day, unable to sleep at night, my mind filled with "Should I add to my position?" and "Will there be a rebound?".
Later, I was able to gradually stabilize, relying not on a sudden insight but on a set of methods that seemed clumsy to outsiders but allowed me to survive.
The first step is not to think about making money, but to first solve the issue of "not dying".
I have seen too many people rush in with full positions as soon as the market shows a bit of improvement, only to fall before it really starts.
It’s not a lack of patience, but a failure to leave themselves an escape route.
So the first thing I did later was to break up my positions.
Always only use the part of funds that I can afford to lose for trading, keeping total positions very low.
This way, if the market goes wrong, it’s not the end of the world, just a normal trial and error.
The second thing is to eliminate "fantasies" from trading.
As soon as an order touches the preset stop-loss, exit immediately, no stories, no waiting for miracles.
I understood one thing early on: the market does not owe you a rebound.
And then there’s leverage. Beginners should stay away from it, and even experienced traders should only use it moderately. Many tragedies would not happen if this principle is adhered to.
After these fundamental defenses are in place, we can start talking about "how to do it right".
For every trade, set the stop-loss and take-profit at the moment of placing the order. When the price reaches the level,
execute mechanically, giving no chance for emotions to intervene.
Moreover, I found a pattern: the first one or two trades of the day have the highest quality; beyond three trades,
there’s a high probability that emotions are already taking control.
There are also several pitfalls that must be avoided. Adding to a losing position sounds like averaging down,
but in reality, it continuously increases risk;
considering floating profits as actual profits and being reluctant to cash them out often leads to giving it all back.
Starting with the same 100,000, some become steadier while others become more anxious.
The difference is not luck, but in the approach. The wrong path
is often: heavy positions + high leverage + stubbornness. The outcome is already written.
The truly sustainable way is: participate with small funds, strictly enforce stop-loss and take-profit.
Monthly returns may not look stunning, perhaps just a few points. But through compound interest, time will gradually be on your side.
Contracts are not a casino. Those who gamble their living expenses for the future,
most of them will not reach the finish line. #BTC
