I have been involved in the cryptocurrency world for ten years. I have seen people get rich overnight, and I have seen many more fall from the peak to the bottom. The market is never short of myths; what it lacks are people who can survive. Once, a fan followed me, starting with 2400U and gradually rolling it up to 38,000U. Do you think he relied on skill? Not really; he just repeated three simple things countless times.
What I'm talking about today is not some profound secret but rather the 'simple methods' I summarized after stepping into pitfalls myself. If you always feel that whenever you buy, it drops, and whenever you sell, it rises, perhaps these simple ideas can help you catch your breath.
1. Test the waters first, then place your bets
I call this 'crossing the river by feeling the stones'. Until the market is clear, I never go all in, even if I think the opportunity is great; I first take 10% of my principal to test the waters. For example, if I think Bitcoin is going to rise, I first buy 200U to see; if it goes up, it proves the direction is right, and then I add in batches; if it falls, the losses are limited, and won't break the bank.
Many people lose money because they want to determine wins and losses in one go. But the crypto market is highly volatile, and what you think is the 'bottom' might have a basement underneath. Testing with a small position is not cowardice; it's leaving yourself an exit — acknowledging mistakes and following successes.
2. Don't average down on losses, only add to profits
This is my most painful lesson. In the early years, I would desperately average down after losing money, thinking I could lower my cost, but instead, I only made the hole bigger. Later, I realized that a losing trade indicates the direction might be wrong; continuing to add to it is like adding fuel to the fire.
My current rule is: strictly stop-loss on losing trades, and only slowly add to profitable trades. For example, if a trade earns more than 10% and the trend hasn't broken, I will chase a little more to let the profit run. Even if I'm right only three or four times out of ten, I still come out ahead overall.
3. Follow the market, don't struggle with yourself
The market is always right; thinking 'it should go up' doesn't help. If it breaks key support, I'll stop-loss; if it breaks resistance, I'll follow. No fantasies, no stubbornness.
In the past, I would watch the market for four to five hours a day, with my mood fluctuating with the K-line. Now I only look once or twice a day; once the trend is set, I hold on to it. Less fussing actually makes it more stable. The most ironic thing in the crypto world is that those who want to double their money quickly often lose the fastest.
Let me say a few truths
Having a small principal is not the problem; having poor discipline is
2400U can also turn things around, but the premise is not to be greedy. Many people start by making a bit of money, then want to use high leverage to gamble on cryptocurrencies, only to lose everything after a single pullback. Remember: slow is fast.
What matters in the crypto world is not intelligence, but patience
Those who chase trends and change strategies every day are more likely to become the 'chives'. The ones who really make money are often those who repeat simple methods and are not swayed by emotions.
Don't use living expenses to speculate in cryptocurrencies
Investing with spare money helps maintain a stable mindset. If losing doesn't impact your life, you're more willing to strictly execute stop-losses.
Written at the end
I'm not a master; I'm just someone who can 'endure' better than most. Over the past three years, those who have persisted around me are basically people who use such simple methods. There's no guaranteed secret to winning in the crypto world, but there is common sense that can help you survive longer. If you keep losing money, maybe it's time to stop and ask yourself, 'Am I doing too much?'
Sometimes, thinking less and sticking to the rules can help you go further. Follow Xiang Ge to learn more firsthand information and precise knowledge about the crypto world, becoming your guide in crypto; learning is your greatest wealth!#巨鲸动向 #加密市场观察 $ETH
