Making Money in the Crypto World: Don't Make Small Gains, Don't Lose Big

How can one make money in the crypto world?

There is a very important principle in trading: don't make small gains, don't lose big.

These eight simple words are actually very hard to achieve. For example: you opened a position at 20,000, and right after that, it rose to 21,000. You were very happy, took your profit, and made a 5% gain, but then the market kept rising to 25,000... you made 5% but missed out on 50%;

Then you tell yourself you want to make big money, so this time you definitely won't take profits. The market then returns to 20,000, you opened another position, and it rose again to 21,000. You remind yourself to learn from the last experience and hold on for big gains. As a result, the market drops back to 20,000 and even below to 19,500, and you stop loss.

It's so difficult for me!

Many people spend their whole lives in this dilemma, constantly switching back and forth, never able to escape.

Is there a way to make money in both big and small markets?

No, it's either one or the other. I usually choose not to make small gains and patiently wait.

Trading is a long-term practice, whether you are a short-term or long-term trader. Making 200% in a big market, as long as you can keep most of the profits, when the next big opportunity comes, you can earn another 200%, that's 4 times... as long as you can preserve profits, you can compound them. If you make 200% and then lose it all back, what’s the point? In the trading market, there is no such thing as missing out, only losses and gains.

Some people might feel they have found the right path and think they are about to become rich.

Finding the path only means that your probability of making money has increased.

In fact, this type of operation requires high levels of mindset, patience, and courage.

1. Are you willing to patiently wait for a good position?

2. Can you boldly open a position without caring about the principal, even if you lose everything? The anxiety of missing out, the urgency to secure profits after gaining, the worry of losses after opening a position... it takes a long time to cultivate these. If you want to play, be cautious, while also trying to pursue profits.

Of course, finding the path is still much better than those who play blindly; many people go their whole lives without finding the path. #币安HODLer空投SAHARA #币安Alpha上新 #加密市场反弹 #鲍威尔半年度货币政策证词 #币安HODLer空投NEWT