After losing my principal three times, I completely changed my strategy and finally started making stable profits.......
Having been in the crypto space for almost five years, I have lost my principal three times.
The first time was at the end of a bull market when I went all in, thinking I had timed the market perfectly, only to see my investment halve in value.
The second time was during market fluctuations, where I chased highs and lows every day, constantly eating into my principal.
The third time was by following a 'guru', making profits for three days, but then losing everything over three months.
That was when I truly understood:
In the crypto world, it's not about who bets the biggest; it's about who can maintain their rhythm, control their positions, and manage their profit-loss ratio.
After that, I only focused on three things:
Before every trade, I write down the probability of success, the profit-loss ratio, and my expected position.
Each position I take should not exceed 8% of my account, and I only increase my position if there are unrealized profits.
If my emotions are unstable, I simply do not trade.
I ran this strategy for over half a year, and my account slowly grew from less than $5,000 to nearly seven figures.
Many might think I have exceptional technical skills, but the truth is quite boring:
No greed, no gambling, constantly summarizing, and only making high-probability trades.
I can't say whether this strategy will help you avoid detours, but at least it has allowed me to survive.
