Making money isn't that complicated; what's complicated is that most people like to overthink, take shortcuts, and follow the wrong people. Some time ago, a fan came to me for advice; she only had 2000U left in her account. I didn't tell her to close her position and exit the market; instead, I suggested she first adjust her mindset and then follow my rhythm. And what happened? Over a month, her account went from 2000U to 82,000U.



The key to this story lies in three rules. First: never go all-in at once. When the market shows no clear signals, you should trade lightly and test the waters; only when a trend truly emerges should you gradually increase your position. Look at those who get wiped out—nine out of ten have this problem—being impatient, rushing in full force without signals, and ending up burying themselves.

The second rule is more painful: never add to losing positions. Only profitable trades are worth increasing your position on. She initially didn't understand and thought that during a decline, she should buy more to lower her average cost. But in reality, adding to losing trades is like digging a hole—only getting deeper. On the other hand, instead of doing that, it's better to let profitable positions generate more profit, keep the principal steady, and let the account grow.

The third and most difficult rule: follow the trend, don't fight against it. Whatever direction the market moves, go with it—don't gamble against the trend. Many people say the market is too difficult, but the real difficulty isn't the market itself; it's controlling your own desires. Honestly, my followers' turnaround isn't because I'm so great, but because this time they finally mastered two words—patience and waiting. When others panic, they hold their positions according to plan; when others are greedy, they lock in profits early.

So, if you want to turn things around, it doesn't matter how much initial capital you have; what's crucial is whether you can discipline yourself and stick to your method. Opportunities are everywhere every day; what’s truly scarce is execution.
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
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)