To be honest, the market may seem full of opportunities, but if you carefully review a year's worth of trends, truly logical and impactful big moves are actually few and far between. Being able to steadily hold onto one of these waves ensures profits; if you catch two consecutive waves, you're basically ahead of most people.
However, there's a prerequisite—learning to control drawdowns.
This is the key. Many people's problem is that they try to seize every opportunity, but what happens? The money earned in one direction is quickly lost elsewhere, sometimes even resulting in a loss. What's even more painful is that this greedy mindset can trap you in the chase of rising prices and the panic of selling at lows. Not to mention making money, often it results in significant losses.
In contrast, experts take a different approach. They focus most of their energy on protecting their accounts, controlling losses on each trade, and patiently waiting. When one or two truly worthwhile opportunities come along, they concentrate their efforts. These two approaches lead to completely different account balances in the end.
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fomo_fighter
· 01-09 13:40
That's right, that's really how it is—greed is a deadly disease.
The key is indeed drawdown control; only when losing money do you realize it.
I also learned the hard way, now I just wait patiently for one or two opportunities.
Making money isn't that easy; learning not to lose money is more important.
In this wave of market, I see a bunch of people chasing gains and selling at losses—it's heartbreaking.
Focusing all efforts sounds simple, but actually executing it is really difficult.
Account protection > pursuing profits, this is my current mantra.
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AirdropHunterWang
· 01-08 10:52
Honestly, I haven't experienced more than two waves; the first wave was purely luck.
When I make a profit, I want to earn more. I have this problem, and it's very hard to cure.
Controlling drawdowns? Easier said than done. Who can really hold back at critical moments?
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CoffeeNFTs
· 01-08 10:48
You're right, I'm the kind of person who spends all the earnings within a year, but I only recently realized this theory.
Really, controlling drawdown is the key to living the longest.
That hits home... Every time I want to go all in, but then I end up losing everything in a single bet.
Holding onto a big trend is much more satisfying than staring at the screen, chasing highs and lows.
Wait, what exactly counts as a real big trend? I always feel like I miss every wave.
A master is a master, their mindset is different.
If I had known earlier, I wouldn't have been so greedy.
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SpeakWithHatOn
· 01-08 10:34
That's right, the key is not to be greedy. You can make quick profits but also lose quickly, I've seen it many times.
Controlling drawdowns is really effective; many people die because they refuse to admit losses.
One year of understanding a market cycle is enough; greed is a big taboo.
Those who chase hot trends every day, in the end, their accounts are halved.
Waiting itself is a skill, but unfortunately most people can't wait.
I've tried holding onto two opportunities for a year, surpassing those around me and experiencing something different.
Stop-loss may sound simple, but implementing it is emotionally difficult, yet the account won't lie.
People who chase rises and sell declines are the most tragic; they earn less than they lose.
Sometimes doing nothing is much better than frequent trading.
Preserving capital is the top priority; growth comes later.
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PhantomHunter
· 01-08 10:24
That's right, greed is the original sin. I've seen too many people who make money and then lose it, losing even more.
How many truly good opportunities are there in a year? Counting them, there are really only a few.
Controlling drawdown is the key; only thinking about bottom fishing and top escaping makes you cannon fodder.
To put it simply, most people fail due to their mentality—they're reluctant to hold cash or cut losses.
Experts are all about protecting their accounts, while amateurs still dream of a big win.
The money earned is often eaten up by another direction; I've heard this too many times.
Chasing highs and selling lows will ultimately lead to total loss.
Focusing your firepower on one or two waves of the market is more profitable than wasting a whole year in blind activity.
It seems like there are many opportunities, but in reality, they are all illusions; genuine opportunities are few and far between.
Most people can't wait for these opportunities; they have to act every day.
To be honest, the market may seem full of opportunities, but if you carefully review a year's worth of trends, truly logical and impactful big moves are actually few and far between. Being able to steadily hold onto one of these waves ensures profits; if you catch two consecutive waves, you're basically ahead of most people.
However, there's a prerequisite—learning to control drawdowns.
This is the key. Many people's problem is that they try to seize every opportunity, but what happens? The money earned in one direction is quickly lost elsewhere, sometimes even resulting in a loss. What's even more painful is that this greedy mindset can trap you in the chase of rising prices and the panic of selling at lows. Not to mention making money, often it results in significant losses.
In contrast, experts take a different approach. They focus most of their energy on protecting their accounts, controlling losses on each trade, and patiently waiting. When one or two truly worthwhile opportunities come along, they concentrate their efforts. These two approaches lead to completely different account balances in the end.