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Whenever there's a market movement, I get excited, open multiple trades in a row, add positions when I make a profit, and hold on stubbornly when I lose.
In the short term, I might make a quick burst of profit, but ultimately most things return to the starting point.
My real turnaround began when I learned to slow down. At that time, I set a simple goal for myself: make $300-$500 daily and then stop.
It sounds insignificant, but sticking to it for a month made a huge difference.
Now, I only take two types of trades:
Trial trades: Enter with a small position of 20%-30% at key levels, add more if the direction is correct, and exit with a small loss if wrong.
Trend-following trades: Wait for the market to develop, ride a steady trend, and avoid guessing the top or bottom.
Yesterday, I took a small long position near 72,200 on BTC, confirmed it was stable before adding more, and smoothly captured the profit.
Today at noon, when the price surged but lacked momentum, I didn’t chase. I patiently waited for the right rhythm, and when the profit was sufficient, I took profits directly.
Many people think “take profits and leave” is too conservative, always hoping for a big move later.
But I’ve suffered too many losses; if you’re not disciplined, profits can quickly be wiped out.
After doing this for a long time, you’ll realize that the key to managing a large account isn’t how much you make in a single trade, but whether you can stay steady with a fixed rhythm.
It’s this approach that helped me grow from $3,000 step by step to my first million.
Some market conditions allow for multiple trades, but I don’t move.
I only make two trades, lock in the profits, and decisively stop.
Money is accumulated bit by bit through this kind of discipline.
Trading cryptocurrencies is not just a contest of skill and luck, but also a test of mindset and wisdom.
Only those who master these iron rules and strictly follow them can remain invincible in the crypto world!