Many people enter the market with a few thousand U, and their first reaction is to double, accelerate, and grow as quickly as possible.
As a result, often within a few weeks, their accounts are consumed by back-and-forth fluctuations.
The problem rarely lies in the ability to understand, but rather in the overly eager pace.
Without fully grasping the rules, they rush to chase results.
Last year, I encountered a complete novice.
He was unfamiliar with candlestick structures, and his entries and exits were entirely based on intuition.
He bought ETH, sold when it rose a little, and bought again when it dropped, repeating this operation for several days, and his account initially lost over a hundred U.
I told him to stop for a moment, not to trade, and to first learn how to allocate funds.
The account was divided into three parts.
A small portion for BTC short-term trades, with a very simple goal: to exit with around 2%;
A portion for swing trading, participating only near support and taking profits on rebounds;
The remaining part was kept as a base position, left untouched, not participating in short-term speculation.
At first, he found it difficult.
When the market was moving sideways, he always wanted to touch assets with greater volatility.
I told him that frequent operations during a sideways market are most likely to lead to losses on both ends. Losing money also affects one's mindset.
He followed my advice. A few days later, BTC surged, and he executed according to his original plan, not only recovering his losses but also leaving a portion of profit.
After that, he set two rules for himself.
No single loss exceeding 1%, if direction is wrong, exit immediately;
When profit approaches 3%, handle a portion first, do not delay.
Once, after a stop loss, the next day the price continued to fall by several points.
At that moment, he realized that adhering to rules is more important than judging right or wrong.
Later, over the course of a year, he gradually increased his small account.
It was not relying on luck, but on stability, restraint, and repetition.
If you want to succeed in turning things around, want to eat big, want to double your account,
Follow Uncle Nan closely and position yourself for the main bullish wave in advance!!
