Eight years of trading, with six years in the cryptocurrency world. From losing everything to breaking into eight figures, to be honest, my feelings are quite complicated. The profits weren't made quickly, nor was it based on luck; it was truly stepping through one pitfall after another, reflecting time and again, and slowly clawing my way out.
In these years of trading, I have moved from long-term to short-term, from ultra-short to intraday swings, trying out various styles. Do you think my skills are amazing? I wouldn't call myself a top expert. But if you ask about my understanding of "losing money," I can definitely say I'm deeper than most.
In these six years, I have seen too many people build high towers only to have them collapse. Turning tens of thousands into millions, only to see it all go to zero in a bear market. Do you think their skills were lacking? Not at all. The problem lies in "holding positions"—if you make a hundred trades and hold them all back, but just once you can't hold on, it's not just a loss; it's a complete exit.
Another phenomenon I've really gotten tired of: many people become frantic as soon as they lose money. Once they get excited, they just want to break even, resulting in chaotic operations and escalating losses. I'm not a saint; I have lost control as well. But I am very clear about one thing: you have to admit that the market won't move according to your thoughts. Don't always think that "I think it will rise," so it will really rise, or "I judge this is a trap," so it must be a trap. If you're wrong, you have to admit it, you have to exit, not just stubbornly hold on.
In cryptocurrency trading, ultimately, it comes down to whether you can endure, admit mistakes, and persist in trading by the rules. To be honest, many people don't lack the knowledge of how to trade; they just refuse to lose, don't want to admit mistakes, and are greedy.
Stop saying you are a "believer holding on" or that "holding on will bring it back." This is not belief; it's self-deception of a gambler.
Now my assets exceed ten million, and there's nothing to brag about. I have simply executed some simple rules to the extreme:
Admit when you're wrong, always set a stop-loss when opening a trade.
Make decisions when calm, and shut down the computer when you get too excited.
Many people think that making money depends on skills, but the truth is: every time you don't follow the rules, you're digging a pit for yourself.
The market is always there, and opportunities are always present. There are no gods in this market who never lose; only strategies that "make big profits and incur small losses." When you learn to think calmly, have reliable guidance, your progress will be rapid. With continuous practice and constant summarization, you will eventually carve out a path that belongs to you, ultimately leading to freedom.
