and asked:

— Teacher, I have read all the books on trading, know every pattern, but still lose money. What is the secret?

The guru picked up a stone and threw it into the river.

— Do you see the circles on the water? This is your stop-loss. It must always be there.

Then he took out some seeds and threw them into the ground:

— And this is your investments. Sometimes you just need to wait.

The trader exclaimed:

— So, it means I need to combine discipline and patience?!

The guru sighed:

— No. I meant to say: if you throw money anywhere, it will be like the stone (at the bottom) or like the seeds (they may sprout, but that's not guaranteed). And the main secret…

He took out a bitcoin wallet with the inscription "2010" and left, leaving the trader in silence.

Moral:

Stop-losses save capital.

Hodl is a strategy, not a coincidence.

The most important lessons are often the simplest.