Hello everyone, it's me again. In the coming days, I will be quite busy, so I want to take the opportunity to share some of my personal experiences with you to help newcomers avoid FOMO as well as burning accounts for undeserving reasons.
Today, as I look back on the journey I've gone through in the crypto market, I suddenly remember the early days when I first stepped into the profession, the time when I lay awake every night thinking 'how can I earn $20, $50, then $100 from trading every day'. At that time, I thought simply, just be diligent, disciplined, and catch the right waves, and money would flow into my wallet. So I set a specific target to achieve each day, like a salaried employee – having to 'close the KPI' every day.
But the reality is not as rosy as I imagined.
After a period of struggling, I realized that the market does not operate according to my thoughts or desires. It has its own rhythm, there are days when waves are easy to ride, but there are also days when being 'empty-handed' is quite common. I have had days when the market 'slapped me back to reality' just because I stubbornly held onto trades to reach my daily target. Suddenly, from a trader, I became a gambler – no longer entering trades based on analysis, but based on... emotions.
The win-loss ratio in the market is 50-50, and it even skews heavily towards losses if you lack discipline and use high leverage. Therefore, trying to achieve a specific profit number every day – looking back now – is a double-edged sword. It creates invisible pressure and easily pushes us into a state of uncontrolled trading.
Trading is not a job with a steady income like working in an office. There are sunny days, rainy days, days with huge profits, but also days with losses. The important thing is not how much you earn each day, but whether your account is growing sustainably by the end of the month or quarter. I have learned to accept not entering trades when the market is unclear, and I have also learned to take profits early when necessary, instead of greedily holding onto trades just to meet daily targets.
Later, when I shifted to a longer-term perspective, instead of 'having to earn 100 bucks every day', I started setting goals weekly, monthly, and even according to market cycles. Thanks to that, my trading psychology became more stable, my vision broadened, and especially... I never had to worry about burning my account again. I also sleep much better (haha).
To sum it up, if you are new to the market and are setting daily profit targets, then try to pause a bit and think: Am I trading because I have a good setup, or just because I... need to meet a quota?
Trading is a game of patience and discipline, not of pressure.
Wishing you all strength on this journey and may this new month bring many favorable opportunities!
If you resonate with what I shared, please leave a comment, provide feedback, or share your own story. Let's learn and progress together!
