To survive in crypto, you have to throw away your feelings first. $EVAA


The market’s favorite to harvest is people who think they can guess the market. You think it will go up, but it drops; you think it’s at the bottom, but it still has a basement. In crypto, feelings are the least valuable thing.
In these years, the pitfalls you’ve stepped into and the tuition you’ve paid ultimately only buy you a few rules.
Stop-losses must be decisive. If you’re wrong, admit it and exit when you reach your level. A small loss is just trading costs; a big loss is the real fatal injury. Don’t always think about “holding on a bit more”—the grass on the graves of people who stubbornly hold positions is already two meters high.
Stop immediately if you keep placing wrong orders in a row. If the market’s not right and your condition’s not right, don’t force trades. Sometimes being flat for a day is more profitable than randomly doing ten trades. If you don’t stop, the market will help you stop—by liquidation.
When you’ve made a profit, remember to lock it in. The numbers in your account aren’t money—the real profit is what you withdraw and put in your pocket. Unrealized profit that isn’t withdrawn is only being held for you by the exchange; one day, a single sharp move and it will be taken back.
Trade only in markets with a trend. When a trend comes, follow it; if there’s no trend, wait. Ranging markets are the easiest to repeatedly harvest people—you end up churning back and forth inside, and the fees alone are enough to fund several good meals.
Position size always comes first. Even with the best opportunities, don’t go all-in and gamble. Controlling position size isn’t to make more—it’s to ensure you always have the chance to make the next move.
These rules aren’t complicated, but not many can actually do them. It’s not that people don’t understand—it’s that they can’t control their hands. If you can control them, the market won’t be able to do anything to you.
#PreIPOs第二期OpenAI认购
#预测世界杯阿根廷VS英格兰
#USDT充值理财双重奏
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
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
Mr.Dapeng
· 07-15 23:05
If you can do that, I’ll give you a try—deal?
View OriginalReply0
View More
SilentAccum
· 07-15 15:25
Being out of the market ratio is way harder than it looks—when FOMO kicks in, your hands basically can’t be controlled. You have to literally tie yourself to the chair.
View OriginalReply0
GateUser-0d1088ad
· 07-15 15:08
“Cut losses decisively” is way too real. Last time I held my position, I ended up losing a month’s worth of meal money. Now when I see the stop-loss line, I immediately feel the reflex to run.
View OriginalReply0
StableArbKing
· 07-15 15:02
The trend is in—then it follows; when the trend is gone—then it’s gone. It sounds simple, but in a choppy market, those few false breakouts can really mess with people’s mindset. What I’m seeing now is that as soon as it goes sideways, I just close the software.
View OriginalReply0
  • Pinned