Brothers, I am Old Ma

After 7 years in the industry, looking back, when I first entered in 2015, I had 60,000 in capital that I borrowed, and I was quite anxious.

Now the account has exceeded 8 digits, to be honest, it’s really not just luck, but rather climbing out step by step, reflecting on each pitfall.

I've traded, going from long-term to short-term, from ultra-short to intraday swings, trying out all kinds of styles.

You say how skilled I am? I'm really not a top expert.

But I dare say, my understanding of 'losing money' is much deeper than that of most people.

In these 6 years, I've seen too many people build high towers, only to watch them collapse.

From tens of thousands to tens of millions, a single bear market can wipe it all out.

Do you think their technology is poor?

No!

They are used to holding positions, but when luck runs out and bullets are gone, a single drawdown can wipe out their account.

Some people can recover from losing 100 times, but if they can't hold on just once, it's not just a small loss; it's a complete wipeout.

What’s more frightening is that many people get 'anxious' when they lose money, and when they get emotional, they want to recover losses, resulting in chaotic operations and a complete loss.

I'm not a saint either; I have my moments of weakness.

But I am clear about one thing: the market will not listen to your commands.

Don't think that just because 'I feel it will rise' it will actually rise, or 'I judge it to be a trap' it must be a trap.

You are wrong; you should leave, not just hold on stubbornly.

In the cryptocurrency trading field, it fundamentally depends on whether you can endure it? Can you admit you are wrong sometimes? Can you work according to the rules?

To put it bluntly, it's not that you don't understand trading; it's that you can't accept defeat, don't want to admit mistakes, and are greedy.

Stop saying you are 'faithful'; phrases like 'holding on will come back' are not faith; they are self-deception of a gambler.

Now that I have come this far, there’s nothing to boast about; it’s just that I have taken simple rules to the extreme:

Admit when you're wrong.

Set a stop loss when opening a position.

Make decisions when calm; when emotional, just shut down the computer.

You think making money relies on technology, but the truth is:

Every time you don't follow the rules, you are digging your own grave.

The market is still here, and there are plenty of opportunities.

As long as you are willing to turn off your emotions and establish rules, don’t say you can turn 60,000 in capital; with 10,000 in capital, you can also turn around.

Latest market correlations and reminders (updated August 23):

Recently, market volatility has increased, but overall liquidity remains sufficient.

The anticipation of Bitcoin ETF approval and the ongoing Ethereum ecosystem upgrade news are still fermenting, and the medium to long-term trend remains unchanged.

But remember: don't get carried away just because of a temporary positive news; rules come first, emotions second.

Mu Qing's summary:

The crypto circle is not lacking in opportunities; what’s lacking is people who follow the rules.

I am not here to teach you how to get rich quickly; I am here to teach you how to live longer.

Remember: as long as you are willing to admit mistakes, the market will always leave you opportunities.

I am Old Ma#美国加征关税