The underlying logic of making money in cryptocurrency trading: with the right mindset, earning money comes naturally.
Many people lose in cryptocurrency trading not due to technical skills, but due to being "too eager" and "emotionally unstable"—chasing highs, panic selling at lows, and making impulsive decisions are all consequences of an imbalanced mindset. In fact, adhering to these 3 principles of mindset is more useful than blindly staring at the market for 10 hours, helping you avoid pitfalls and secure profits:
1. First set a "loss threshold," then discuss "profit targets."
Before entering the market, ask yourself: If I lose this money, will it affect my life? Mortgage payments, living expenses, and loans absolutely cannot be touched; this type of money will make you panic during market fluctuations.
Only use "money that won't hurt to lose" to enter the market; the amount of this money is your foundation for maintaining calm and also your chips for withstanding volatility.
2. Don’t compete with the market; compete with yourself.
Price fluctuations in candlestick charts have no "shoulds"; both rises and falls are random, and no amount of impatience can change the facts.
What really needs to be controlled is your own greed and fear: when the price reaches the preset target, take profits as planned without being greedy; when it hits the stop-loss line, exit decisively without hoping for recovery. If you can do these two things, you will surpass 80% of retail investors.
3. Accepting "imperfection" is key to winning in the long run.
No one can buy at the lowest point or sell at the highest point, and no one can make a profit every time. Constantly thinking about recovering missed gains or recouping lost capital will only lead to more mistakes.
Cryptocurrency trading is a long-term battle, not a one-time win or loss. Accept occasional losses and let go of opportunities that are not meant for you; only then can you calm down and wait for quality market opportunities, turning small profits into large gains.
Ultimately, in cryptocurrency trading, not losing is the starting point for winning, and "staying steady" is the greatest skill. When your mindset is disrupted, even the best strategies will fail; when your mindset is stable, even the slowest pace can lead to success.
