It took three years in the crypto world to understand: profitable trades are all about "waiting."


When I first entered the scene, I could open over ten trades a day. A one-minute candlestick jumps, and my heart jumps with it. When it rises, I chase; when it falls, I cut. I always felt I could catch a big move in the next second. But what happened? I lost 60% in half a year.
Later, I went to ask an experienced player for advice. He looked at my trading record and said something I remember to this day: "You're not trading, you're working for the exchange."
I asked what I should do, and he said, "Switch the chart timeframe to daily, and don't open any trades for a month."
At the time, I thought this guy was crazy. No trades for a month? Then what’s the point of trading crypto? But I was afraid of losing more, so I followed his advice. In the first week, I was itching to smash my computer; in the second week, I started to get used to watching the charts without acting; by the third week, I noticed a coin’s daily chart had been sideways for two months, with MACD repeatedly crossing near the zero line, and volume shrinking to almost nothing. I told myself: it’s almost time.
In the fourth week, this coin suddenly broke out with high volume from the sideways range. I followed the plan and used 20% of my total funds to open a long position. Over the next two weeks, it rose 40%. I took profits in stages, and one trade recovered my losses from the previous three months.
Since then, I rarely watch the 1-minute chart anymore. Because I know that truly profitable trades are all about waiting. The big trend doesn’t finish in a day, nor does it disappear in five minutes. You don’t need to catch every candlestick, only those waves you understand and can wait for.
Now I review my trades weekly, looking for coins in key positions, then patiently wait for signals. I do two or three trades a month, sometimes even none. Strangely, my account has become more stable.
So, if you’re still trading frequently every day and always losing money, try pausing for a bit and lengthening your timeframe. You might find that making money doesn’t have to be so busy.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned