Brothers, don't be fooled by those fancy candlestick charts. During the worst times a couple of years ago, I thought I could predict every fluctuation, but the market taught me a lesson in no time. It wasn't until I completely admitted that I was just an 'ordinary player' that I began to make steady profits. Today, I'll share some hard truths and my experiences of gradually accumulating from 2500U using the simplest methods over the years.
1. First admit defeat, so you can live longer
In the past, I always wanted to capture every rise and fall, staying up all night studying various indicators and watching the market, but the more I struggled, the less money I had. Then I realized: there are many people in the market who are smarter than me and have more information advantage, so why should I always win?
Now I only follow two rules:
Give up on markets you don't understand: No matter how fiercely the group shouts, as long as it exceeds my cognitive range, I will resolutely avoid it.
Position management is more important than everything: Never be fully invested, control the risk of a single trade within 1%-2% of total capital. For example, with 100,000 capital, the maximum loss per trade is 1,000-2,000 U. If wrong, stop loss immediately, never bear it stubbornly.
This tactic has helped me avoid countless crashes, especially those sudden spikes in contract markets.
2. When opportunities arise, make the most of them.
Admitting defeat is not about giving up, but about reserving energy for highly certain opportunities. I might not open a position for a month, but once familiar signals appear, like Bitcoin breaking key resistance levels or the fear index reaching extremes, I will decisively increase my position.
Key operations:
Take profits in batches: First take back half of the principal, let the remaining profit run, and avoid rollercoaster rides.
Absolutely do not increase the position midway: After opening a position, regardless of whether it rises or falls, never adjust the plan temporarily. When emotions run high, bad things are bound to happen.
In last October's rebound, I made substantial profits using this mindset, while those in the group who traded frequently had already been shaken out.
3. When losing money, run faster than anyone else.
The most feared thing in the crypto world is 'faith recharge'; when prices drop, thinking they will come back. I have seen too many people go from shallow losses to deep losses, eventually getting liquidated. Now, as soon as the price hits the preset stop loss point, I close the position immediately, without any illusions.
The mindset for stop loss:
Treat losses as costs: Each stop loss is an 'insurance premium' paid to survive, not a failure.
No more trading on the same day: If the single-day loss reaches 5%, shut down the computer and rest to prevent emotional trading due to frustration.
This method sounds particularly timid, but it helped me avoid liquidation for 5 years. The core is three sentences:
Act dead most of the time: Stay in cash and wait, don't make random moves.
Seize the opportunity: Go big when there is a certain opportunity, profits will come easily.
Stand straight when getting hit: Cut losses decisively when losing money, never linger in the fight.
The most ironic thing in the crypto world is that the smarter someone thinks they are, the faster they die. In contrast, those who admit they are 'dumb' are willing to accumulate slowly with discipline and patience, eventually becoming winners.
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