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

How can one make money in the crypto world?

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

Simply put in 8 characters, it's actually very difficult to achieve. For example: you opened a position with 20,000, and right after you opened it, it rose to 21,000. You are very happy, you take your profit, earning 5%, and feel great. But then the market keeps rising to 25,000... you made 5%, but missed out on 50%;

Then you tell yourself to make big money, this time you absolutely won't take profit. The market then returns to 20,000, you opened another position, and it rises again to 21,000. You remind yourself to learn from the last lesson, hold on to make big money, but then the market returns to 20,000 and falls below to 19,500, and you stop loss.

It's so hard for me!

Many people spend their lives constantly switching between this dilemma, never able to escape.

Is there a way to earn money regardless of whether the market is big or small?

No, it's either/or. I generally choose not to make small profits and wait patiently.

Trading is a long-term practice, whether you are trading short or long. If you make 200% on a big move and can keep most of the profits, then when you encounter another big opportunity, you make another 200%, that’s 4 times... as long as you can preserve profits, you can compound it. If you make 200% and then lose it back, what’s the use? In the trading market, there's no such thing as missing out; there are only two outcomes: loss and profit.

Some people might feel that they have found the right path, thinking they are about to become wealthy.

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

In fact, this kind of trading method requires a high level of mindset, patience, and courage.

1. Are you willing to patiently wait for the right position?

2. Can you boldly open a position without caring about your capital, even if you lose it all? The anxiety of missing out, the urgency to secure profits after earning, the worry of losing after opening a position... it takes a long time to cultivate. If you want to play, be cautious, but also be willing to try for profits.

Of course, finding the path is still much better than those who play randomly; many people go through their lives without ever finding the path.

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