The longer you stay in the crypto world, the more you understand a truth: you can't control the market fluctuations, but whether you can bounce back after an account liquidation is the key to whether you can finally make money.
Sharing three lessons learned from past mistakes. First, divide your funds into 10 parts, using at most 1 part per trade, and never hold more than 3 positions at the same time. It sounds conservative, but this helps you survive longer amid market volatility. Second, if you lose two trades in a row, stop immediately, turn off your device, and go to the gym. Never rush to open a "revenge trade" to recover losses—this is a quick way to deplete your account. Third, once your account doubles, forcibly withdraw at least 20%, and invest in stable assets like US bonds or gold. This may seem like leaving money on the table, but when a bear market arrives, you'll be glad you have this reserve.
The core of these three tips is: use discipline to curb greed, diversify to hedge risks, and set stop-losses to protect your principal. Sticking to this may not make the exchange work for you, but at least it will help you survive until the next market wave.
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SatoshiNotNakamoto
· 17h ago
That's right, living is the top priority.
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Revenge trading is truly a poison; I only understood after losing twice.
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Diversifying my holdings has indeed saved me several times; discipline > prediction.
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I haven't yet managed to take out 20% to buy US bonds; greed has struck again.
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What happened to those guys in the bear market without reserves? I didn't dare ask.
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Doubling up and then forcing a sell sounds easy, but actually doing it is really tough.
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Stopping after two consecutive losses is more effective than any technical analysis.
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Money management is always the top priority, but I just can't control my hands.
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Living to the next market wave means winning; this hits hard.
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faded_wojak.eth
· 01-11 02:55
Sounds good, but how many people can actually do it? I'm the kind of fool who still wants to try again after losing two trades.
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ContractHunter
· 01-11 02:55
You are absolutely right, revenge orders are truly account killers. I've lost money this way before.
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Holding 10 positions may seem conservative, but it's actually about staying alive. Only by staying alive can there be a chance.
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The key is still mindset. Losing money tests human nature the most.
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I need to learn the trick of forcibly taking out 20%. I keep thinking about going all-in to double my money.
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The hardest part in the crypto world isn't just picking the right direction, but surviving until the day you can cash out after being right.
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I respect the rule of stopping immediately after a loss. Many people die because of revenge orders.
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Discipline is truly worth much more than predicting the market.
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Only during a bear market do you realize the importance of reserves. It's too late then.
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These three simple-looking tricks require so much self-control to execute.
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FastLeaver
· 01-11 02:53
I'm a seasoned rookie investor, I've heard this many times, but I haven't stuck with it.
Stop after losing 2 trades? I've never stopped even after losing 20 trades haha.
The real challenge isn't knowing these principles, but whether you can avoid leverage when the market starts to move up.
The longer you stay in the crypto world, the more you understand a truth: you can't control the market fluctuations, but whether you can bounce back after an account liquidation is the key to whether you can finally make money.
Sharing three lessons learned from past mistakes. First, divide your funds into 10 parts, using at most 1 part per trade, and never hold more than 3 positions at the same time. It sounds conservative, but this helps you survive longer amid market volatility. Second, if you lose two trades in a row, stop immediately, turn off your device, and go to the gym. Never rush to open a "revenge trade" to recover losses—this is a quick way to deplete your account. Third, once your account doubles, forcibly withdraw at least 20%, and invest in stable assets like US bonds or gold. This may seem like leaving money on the table, but when a bear market arrives, you'll be glad you have this reserve.
The core of these three tips is: use discipline to curb greed, diversify to hedge risks, and set stop-losses to protect your principal. Sticking to this may not make the exchange work for you, but at least it will help you survive until the next market wave.