Don't be superstitious about fancy techniques in cryptocurrency trading; the simplest methods are often the most resilient.
Unfortunately, 90% of people find it hard to stick to this.
Over the years, too many acquaintances have blamed the market and luck after blowing up their accounts.
In reality, the problem lies in their own trading habits: chasing prices when they rise, cutting losses when they fall, and running after the price, leading themselves into 'extreme situations.'
Seeing a coin rise for a few days, they rush in like they’re buying a lottery ticket.
If they think they’ve got the direction right, they go all in; the moment the market fluctuates slightly, they get 'pinned' out.
They get greedy when they make a bit, can’t take losses, and trade with emotions, turning trading into a prayer.
I survive in the cryptocurrency market by 'enduring.'
When the market is unclear, I resolutely don’t act; while others frequently place orders during fluctuations, I don’t even look at my software.
When it's time to take action, I confidently secure high-probability big positions.
I have no talent; I just practice fundamental principles until they become instinctive, like gradually building positions to keep bullets, only participating in coins that drop sharply, looking at daily sentiment to set direction, and not participating during consolidations.
My fan, Xiao Zhang, used to be a typical negative example.
He was impatient in trading; when he saw a coin rise, he would chase it, and when it dropped right after he bought, he would cut his losses.
When a coin dropped, he would stubbornly hold on and even add to his position, wanting to average down but ending up losing even more.
Once, he saw a coin rise for two consecutive days and went all in, only to watch it crash the next day, losing everything. After blowing up his account, he came to me, downcast.
I taught him to abandon his impatience and learn to 'endure' and 'wait.'
At first, he struggled, always afraid of missing out on profit opportunities. I kept analyzing the market for him, helping him understand the importance of patient waiting.
Gradually, he started to follow my methods; when the market was unclear, he stopped making blind trades, and when opportunities arose, he built positions in batches.
After some time, Xiao Zhang excitedly came to me, saying not only did he break even, but he also made a small profit.
He reflected that perfecting simple methods to the extreme is the true path to profit.
There are no shortcuts in cryptocurrency trading; maximizing simplicity is the greatest advantage.
Be a bit steadier, a bit slower, to live longer and earn more.
You don’t need to capture every market move; just take the part that belongs to you. For the next trade, let’s engrain 'stability' into our bones...