Discipline is the core secret of trading
Brothers, today let's talk about trading in the crypto world! 😎 Do you also feel that trading experts have a set of 'god-level techniques,' and they play with candlestick charts and indicators like pros? But the truth is: what really makes the difference is not the techniques, but discipline! 💪
Techniques are just the entry ticket; discipline is the winner's secret
Techniques: Learning to read candlestick charts, MACD, RSI, etc., is like getting a driver's license; you can drive on the road. But just knowing how to drive doesn’t mean you can beat an F1 racer, right?
Discipline: This is the core of driving steadily and winning on the track! Discipline is the plan you set for yourself, such as taking profits and cutting losses, and executing it without fail.
Without discipline, even the best techniques are useless
I've seen so many people who have a solid grasp of technical analysis, but when it comes to real money, they panic? 😅
Chasing highs and cutting lows: When the price spikes, they FOMO (fear of missing out) and jump in with all their capital, only to get stuck at the peak.
Not setting stop losses: Thinking 'just wait a bit longer,' they end up turning small losses into big ones, and their account goes straight to 'zero.'
Randomly increasing positions: Without a plan, going all in; when the price fluctuates, their mindset collapses, and the money is gone.
How to practice discipline? Three steps to mastery
Set rules and stick to the baseline
Before each trade, write down your entry point, take profit point, and stop loss point. For example: stop loss at $50,000 if BTC falls, take profit at $60,000 if it rises. Write it down, stick it next to your computer, and force yourself to follow it!
Small positions, steady mindset
Don't go all in; leave some room. It's advisable not to exceed 10% of your account in a single trade, so even if you lose, your mindset won't explode.
Review and find mistakes
Review your trades weekly, noting where you didn’t stick to your discipline and how to improve. Gradually, you will find yourself becoming steadier.
Discipline has helped me avoid pitfalls
When I first entered the crypto world, I was also a 'tech enthusiast,' studying various indicators and staying up late watching the market, and I still ended up losing more than I earned. Later, I forced myself to set discipline: trading only 2 hours a day, strictly cutting losses, and not exceeding 20% of my positions. Slowly, my account curve actually started to go up! 📈
Summary
Techniques are tools; discipline is the soul. The crypto world is deep; maintaining discipline is essential for swimming far. Brothers, do you have any tips for discipline? Share in the comments, and let's avoid pitfalls together and make more money! 💰
