I've been doing cryptocurrency trading for several years, and my account balance keeps decreasing. I've been precisely tamed by the market into a 'consistently losing trader.' Staring at the candlestick charts late at night, I can't help but feel dissatisfied, wondering, 'Why can others make money, but I can't?' This feeling of frustration is something you in front of the screen understand better than anyone.
Don't be quick to blame the market for 'devouring people,' and don't self-criticize with 'I'm too bad.' Let me speak honestly: at this point, you have only two choices, and there is no third option.
The first choice: admit defeat and leave the market, focusing your energy on things that can actually make money. Don't talk to me about 'passion for trading.' In the crypto circle, 90% of those shouting about 'passion' are essentially lazy, unwilling to work hard for performance, resistant to the pressure of starting a business, and thinking that trading is a shortcut to 'earning money with just a few clicks.' But the reality is: working at least guarantees a steady income, and the more experience you accumulate, the more valuable you become. Trading requires not only initial capital but also daily 'tuition fees,' and in the end, you might lose everything, with no capital left to turn back. I've seen too many people waste their golden years, which should have been spent building careers or learning skills, on candlestick charts. In the end, they made no money and fell out of touch with the community. Why suffer like that? If your 'dissatisfaction' is just an obsession with not losing, rather than a genuine desire to understand trading logic, it's better to turn back early—it's a thousand times more reliable than stubbornly holding on.
The second choice: Do you have to hit the wall in cryptocurrency trading? Then listen carefully to my insights; whether you can succeed depends entirely on yourself. The core of losses is simple: if the direction is wrong, no matter how good the entry point or strict the position management, it’s all in vain. Just like stubbornly going long in a bear market or mindlessly shorting in a bull market, not even a deity can save you. If you want to turn things around, first throw away your entire set of losing methods and build a feasible strategy from scratch — let me give you an example using the most commonly used moving averages in the crypto market, breaking it down and explaining it in detail.
Step one: First, understand the 'trend', don't mess around in sideways markets. Open the 4-hour chart of Bitcoin, go long above the moving average and short below it; this is the basic logic of trend indicators. Making small profits in line with the major trend is much better than losing big by going against it. But don’t blindly stick to the rules — if the market is stuck in a range and fluctuating (that is, a sideways market), and you rigidly follow the moving average signals, you will only be stopped out repeatedly, eventually leading to a liquidation. Therefore, you must first learn to define: when is it a trend, and when is it a range? Should you trade in a sideways market? If so, what strategy should you use? If you can’t figure out these questions, you’ll always be 'earning small and losing big.'
Step two: Don't copy others' trading methods; they need to be 'customized.' In the same downtrend, some might drop three steps and then rebound one, while others might go 'downhill all the way': those who like to wait for pullbacks can profit in the former, while in the latter, they can only eat the wind; those who like to chase breakouts can make a fortune in the latter but lose heavily in the former. Long-term traders can hold onto major market movements but must endure overnight risks; short-term traders earn less but can flexibly avoid risks. When I first started day trading, due to a lack of patience to monitor the market, I simply set a rule: I would only make one trade each day, open a position and then close the software, even if I missed out on hundreds of points of profit, I would never act out of greed — a method that suits your personality is the one you can execute long-term.
Step three: Don't expect to succeed with just one trick; you need to continuously optimize. I have long stopped day trading and shifted to medium-term trading (holding positions for a week to half a month), not because day trading isn't profitable, but because I've concluded from thousands of trades that the trend explosion in the crypto market allows for the biggest profits in medium-term trades. You should also understand this; whether using moving averages, MACD, or naked candles, the core is to understand the underlying logic of the tools, and then hone the details in practice, such as when to add positions, when to stop losses, and when to take profits, gradually refining the strategy into your own 'money-making weapon.'
After all, cryptocurrency trading isn't that mysterious: first recognize the direction, then filter out the market conditions that don't suit you, buy and sell in a way that matches your personality, achieve big profits with small losses, and finally continue to optimize. If you solidly follow these steps, you'll find that 'stable profit' really isn't a mystery.
To be honest: I've been through ups and downs in the crypto space for eight years, from losses to questioning life to being able to steadily make profits, I've fallen into more pitfalls than you have walked on the road. If you're still lost and confused, don't know how to set strategies, or how to avoid pitfalls, just follow me.
