Slow is fast, less is more
A couple of days ago, another brother came to me late at night to complain, saying that this dog house was too ruthless, playing contracts would randomly insert needles, and just when he managed to make some money, it all disappeared with one needle. He asked me how to play this market.
I looked at his anxious tone, as if I saw myself from a few years ago. All I replied to him was: Don't fight with the needle, you have to befriend time to survive.
To be honest, in the first few years after entering the cryptocurrency world, I, like everyone else, always thought that being slow was a mistake. Whenever the market moved, adrenaline surged, and I couldn't help but watch the market 24 hours a day, opening contracts recklessly, always feeling that if I didn't work hard, I couldn't make big money.
So what happened? Reality gave me several hard slaps; my account balance kept dropping, and at the worst times, I couldn't even afford a decent cup of coffee.
Later I finally realized: in the crypto world, it’s not about who has the biggest guts but about who survives the longest.
One, contracts are a cliff, while spot trading is the path.
Now I tell this to many people: contracts are really not something ordinary people can play with. High leverage combined with market volatility can wipe out an account in minutes.
Especially during those price spike situations, specially targeting stop-loss lines, how many people have died just before dawn?
Martingale strategy? Sounds great—'add to losing positions to average down, reset when profitable'—but in extreme market conditions, this requires huge capital support, which ordinary people cannot afford.
Research shows that over 80% of retail contract traders ultimately lose money. Why? Because human nature is hard to change; once emotions take over, any strategy goes to waste.
Two, my transformation: from chasing excitement to pursuing stability.
Later, I hardly touched contracts and focused on spot trading. Although it’s slower to earn, at least I can sleep well at night.
My principle is simple: no full positions, no all-in. Each time I open a position, I take a maximum of 20% of my capital; if it rises by 10%, I reduce part of it; only consider slowly buying back if it drops to 20%. This way, even if I make a wrong judgment, I have enough bullets to average down.
At that time, many people laughed at me for being too timid, saying I couldn’t keep up with the bull market. But years later, those who chased excitement every day have already changed accounts several times, while my capital has been steadily growing.
The crypto world lacks stars, only lacks those who survive. Getting rich depends on luck; surviving depends on real skills.
Three, the key to survival: position management is core.
For spot trading, I have summarized a few key experiences:
Diversify your funds across different asset classes; do not put all your eggs in one basket. Even in spot trading, do not fully invest in one cryptocurrency; holding diversified assets can reduce overall risk.
Never build a position all at once. Once you have identified an asset, you can divide your purchases into 3-5 batches to buy slowly, which can effectively lower the average cost.
If it rises, be willing to sell; if it falls, be brave enough to buy. Many people operate in reverse, holding on to positions that have risen and panicking to cut losses when they fall, which is exactly the root of losses.
Be alert to risks when market sentiment is extremely greedy, and seek opportunities when the market is panicking. 'When others are fearful, be greedy; when others are greedy, be fearful,' this old saying is always relevant.
Four, steady progress is the key to laughing last.
In today's market, volatility is increasing, and price spikes have become common. If you are currently tormented by price spikes, have a disrupted rhythm, and do not know how to position yourself, do not hold on stubbornly.
First stabilize your path, then talk about making money. Remember, it’s really okay to go slow; if the direction is right, the snowball will roll itself bigger.
True experts are not judged by who earns the fastest but by who lasts the longest. In this marathon of the crypto world, most people drop out midway, while only those who progress steadily can laugh last.
If you also find the current market hard to grasp, feel free to reach out to me for a chat. I am not some expert, just an ordinary player who has survived several cycles in the crypto world. The most important thing is to survive first, then think about how to make money. Follow Bin Ge to understand more first-hand information and crypto knowledge, precise points, and become your guide in the crypto world; learning is your greatest wealth!
