This is not a sudden decision; it is the silence after multiple reviews and the reality after seeing too many account curves.
In the early years of entering the cryptocurrency market, he was keen on swing trading, confident in his ability to grasp the rhythm and emotions, delineating various buying and selling ranges. He would reduce his holdings when prices rose significantly, and increase them when prices fell, experiencing a sense of accomplishment from the small profits and losses on his account.
But at that time, he didn't realize that frequent trading brought not only fees and taxes, but also constant fluctuations in mentality and an infinite overdraft of understanding.
He tried various indicators, studied candlestick patterns and moving averages, and developed rebalancing strategies, feeling that he just needed a more agile model to outperform the market. However, countless high selling and low buying instances ultimately resulted in buying high and selling low. What seemed clever ended up being swayed by emotions in the market’s fluctuations. The money he made could not compete with the major market movements he missed, and he lost to his own obsession with trying to control the market.
What truly started his transformation were several long-term validations. When he held certain cryptocurrencies for a longer time and no longer adjusted his positions easily due to short-term fluctuations, he was surprised to discover that long-term compounding far surpassed short-term frequent trading. True wealth does not stem from frequent operations, but from persistence with fewer mistakes and silence amidst the trends.
He also observed those who truly made big money in the cryptocurrency market; none of them became wealthy by timing the market perfectly or through swing trading. They all made substantial investments and held them long-term after deeply understanding the project logic. They don't care about short-term fluctuations; they only look at who is laughing the most steadily after three to five years.
This is not to advocate that long-term holding is the only solution, but rather that after years of trading cryptocurrencies, one comes to understand that swing trading has never been a weapon for ordinary investors. It is the crystallization of the rare coexistence of ability and discipline among a few, while most people, including his former self, are merely self-moved amidst the volatility, repeatedly making mistakes in the noise.
He no longer trades frequently, not because he doesn't want to make money, but because he understands that there are many ways to make money, but the method that suits him often requires time to gain depth. He is willing to entrust the future to time rather than emotion. He has begun to believe that capturing a trend is far superior to predicting every fluctuation.
Swing trading is the art of a few, while holding is the destination for the majority.
If you feel helpless and confused about trading right now, and want to learn more about the cryptocurrency world and first-hand cutting-edge information, click on my profile picture to follow me, and you won't get lost anymore! Clear market observation provides the confidence to operate. Steady profits are far more practical than fantasizing about getting rich quickly.
