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.
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.