Everyone, today we won't discuss K-line mysticism, nor the myth of hundred times returns; let's talk about something that can truly keep your account alive.
When I first entered the industry, I also thought, buy low and sell high, who can't do that? Later I realized, what jumps on the screen isn't just numbers, but the reflection of your heartbeat. Chasing highs and cutting losses, going all in, anxiety and insomnia—I've fallen into every one of those traps. But now I've survived, not relying on 'top-notch skills,' but on three rules that sound very basic but can save your life.
1. Emotions are your number one enemy, not the dealer.
When the market is crazy, you need to be as calm as choosing potatoes in a supermarket.
When everyone is shouting 'The bull market is here! Charge!' (for example, a certain mainstream coin skyrocketing 20% in one day), what you should do is not follow the trend, but check if your wallet is still in your pocket.
When the community is wailing 'It's going to zero, run!' (for example, plummeting 30% in one day), you should actually open your eyes and look for any gold that might have fallen on the ground that no one is picking up.
The tuition I have paid tells me: the hands that place impulsive orders will ultimately tremble when cutting losses.
2. Always keep a breath in your pocket
What does it feel like to be fully invested? It's like being strapped to a roller coaster with your eyes covered. When it goes up, you feel like a genius; when it goes down, you want to curse the world. But do you know? The most brutal thing about the market is that it always leaves the best opportunities for those who still have bullets in hand.
During last year's banking crisis, the market froze instantly. Relying on the 30% cash I always kept reserved, I picked up the bloody chips in batches. Later, when the market warmed up, those who were fully invested and trapped were still trying to break even, while I was already thinking about what to add to my next hot pot.
Remember: position management is not about being timid, it's about giving yourself a resurrection card.
3. My daily trading mantra (the practical part)
If you can't see the road clearly, don't walk: when the market is in a key position (for example, at $15,000) with low volume and sideways movement, don't get itchy and 'bet on the direction.' Wait until it clearly breaks out or breaks down before taking action.
During a sideways market, it's better to take the dog for a walk: the fees from frequent trading are like mice secretly gnawing at your grain store. Trading 20 times a month, the fees alone can eat away 2% of your principal, not to mention the losses from 'buying high and selling low.'
Buy small during a big drop, sell in batches during a big rise: when the daily line shows a large bearish candle (for example, a drop of over 10%), it often indicates panic selling, suitable for slow accumulation; conversely, don't rush to chase after a single-day surge, consider taking profits in batches.
In the end, trading cryptocurrencies is not about skill, but whether you can control that 'greedy yet timid' self. Are these methods simple? Yes. Are they difficult? Yes, because what you are fighting against is instinct.
I don't pursue getting rich overnight, I only believe that: living long means you can laugh last.
If you also think that in this market, 'staying clear-headed' is more precious than 'getting rich myths,' feel free to follow.
