Invested 20,000 into the crypto world, and after three months, only $1,200 left. That night, I stared at my account balance, fingers trembling over the uninstall exchange button for a long time. In the end, I didn't uninstall; instead, I calmly reviewed every loss. Six months later, $1,200 turned into $280,000. Some say it was luck, but I know—this was a cognitive upgrade forced by circumstances.



Every lesson learned was paid with blood and tears.

**Holding no position requires more courage than entering.** Watching the market stir, seeing others call trades, the hardest part isn't entering but holding back. Following the trend in chaotic markets is like inviting death. I learned to focus on key indicators, only acting when signals are clear. Missing ten opportunities is better than stepping into a deep pit once.

**Hot coins must be cut quickly.** The biggest gains often come with the steepest drops, no exceptions. My current rule is simple: once the hype starts fading, sell immediately. Set take-profit and stop-loss in advance, so floating gains don't turn into losses at high prices.

**When a major trend arrives, greed is a big taboo.** High open K-lines and surging volume are signals of trend confirmation. I learned to hold tight during such times, withstand volatility. Frequent trading can cause you to miss the entire wave.

**When a massive bullish candle appears, take profits in batches.** This is usually a sign of major players offloading. Regardless of high or low levels, act as soon as it appears. Even a second of greed can turn floating gains into losses.

**Moving averages are the retail trader's navigation tool.** Support and resistance levels on daily charts are crucial. I operate using short cycles of 3 to 7 days. Golden cross signals to buy, death cross signals to exit. Replacing intuition with data increases win rate by an order of magnitude.

**Trend is king; going against human nature is tough but worthwhile.** As long as the upward trend isn't broken, hold firm; when it stabilizes after a decline, buy the dip in batches. Those driven by fanaticism and panic mostly become cannon fodder.

**All-in is a trader's grave.** Building positions gradually can average down costs; always set stop-loss before entering. Using minimal risk to pursue maximum gains is the secret to longevity.

The crypto world has always been a place where cognition turns into profit. To survive, you must turn lessons into rules, ingrained deep in your bones.
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)