1. Entering the crypto world: Greed is a mirror that reveals the truth, not an ATM.
When I first entered the cryptocurrency world, like many others, I thought that 'speed' was key. Someone in the group shouted, 'XX coin will double,' and I immediately jumped in with all my funds, adding 3x leverage, with my mind filled with the fantasy of 'If others make 1000U, I must make 3000U.' What was the result? The market slightly corrected, and my account was wiped out. It was only at the moment I was trembling with the mouse in hand that I realized: the crypto world is not a casino, but greed can turn it into a graveyard.
Later, upon reviewing the data, I found that over 90% of new traders' losses stemmed from emotional trading, blindly following 'gurus,' and leveraged liquidation. Those seemingly 'get-rich-quick' stories might be traps funded by project parties hiring influencers for promotion. For instance, some vaporware coins don't even have actual products and can lead novices to lose everything solely through marketing rhetoric.
2. Awakening after a fall: Discipline is armor, quantification is a weapon
After three consecutive liquidations, I completely deleted all signal groups. I began to calm down and study candlesticks, on-chain data, and technical indicators. I found that the strategies that can really make money are often as monotonous as an assembly line—buy when breaking the 20-day moving average, stop loss at 8% below the cost price, and hold no more than 25% in a single coin.
For example, I will prioritize mainstream coins with actual products and active on-chain transactions (like BTC/ETH), avoiding smaller coins that rely solely on hype. Even if there is a short-term surge, as long as it does not fit my trading system, I will resolutely not chase. Because the market is not short of opportunities; what is lacking is those who can survive until opportunities arise.
3. Long-termism: slow is fast, steady is profit
Now my operation mode is very simple:
Only invest with spare money, never use living expenses or borrowed funds;
Position management iron rule: Mid to long-term positions account for 70%, with remaining cash reserved for bottom fishing;
Stop loss strictly enforced: set a hard stop loss at -20%, and take profits when exceeding 30% for some security.
A reader asked me: 'Being so conservative, how do you make big money?' My answer is: The real windfall in the crypto world comes from surviving both bull and bear markets through compound interest, not betting on single ups and downs. For example, players who dollar-cost average into Bitcoin may not see short-term returns as stimulating as contracts, but in the long run, 90% of contract traders do not survive a year.
In conclusion: The market is always there, but you have to stay at the table first.
Now seeing people repeat the mistakes I made back then—chasing highs and selling lows, leveraging to the max, and believing in 'insider information', I always think of those nights of liquidation. The biggest illusion in the crypto world is 'quick money', and the strongest confidence is 'discipline'.
If you are just entering this market, remember three phrases:
Don't mistake luck for skill; invest with spare money;
Reject FOMO, independently research the fundamentals of projects;
Quantify your trading rules, let emotions take a back seat.
As an old saying goes: In a bull market, even pigs can fly, but when the tide goes out, those who survive are always systematic traders. Let's encourage each other. Follow Ake to learn more firsthand information and cryptocurrency knowledge on precise points, becoming your navigation in the crypto world; learning is your greatest wealth!#加密市场反弹 #美联储降息 $ETH
