The following are the ultimate insights I gained from a loss of 1.5 million:
1、【Warehouse management is the lifeline】
The volatility in the cryptocurrency market far exceeds expectations! It is not recommended to hold any single cryptocurrency position exceeding 20% of the total position, always leave enough bullets for yourself to average down.
2、【Stop loss is a protective talisman】
A position must come with a stop loss! It is recommended to set a physical stop loss (exchange conditional order), reject psychological stop losses. If losses exceed 10%, you must forcibly exit and review.
3、【Staying away from the market is wisdom】
Refuse to watch the market 24 hours a day! Look at the market no more than 3 times a day, and no more than 20 minutes each time. Real big trends are endured, not observed.
4. 【The trend is your only friend】
Monthly line > Weekly line > Daily line! Never bottom-fish in a downtrend, do not short in an uptrend. Trading with the trend increases your winning rate by over 3 times.
5. 【The profit-loss ratio determines the final return】
Each order has a preset profit target (suggested to be above 1:3), stop loss immediately on loss, and let profits run on gains. Remember: making big profits and small losses is the core of sustained profitability.
6. 【Mindset determines life and death】
Before the market opens, ask yourself: does this operation align with the strategy? If the answer is no, even if you miss out, do not proceed! Regularly conduct psychological reviews; refuse to trade based on emotions.
Important reminder:
Trading systems can be quickly learned, but discipline needs to be cultivated! The above 6 rules may seem simple, but less than 1% of people can fully implement them. That is why only a few people make money in the market.
Now ask yourself:
Which rule did your most recent operation violate?
（Write down your answer in the comments, let me see how many people are truly reflecting）
Follow me, I am @加密老七 , wish you good luck! #美联储重启降息步伐 $BTC