This issue is actually quite heavy and very common. In this situation, most people will suggest that you find a stable job. However, if you’re unwilling and still want to persist in trading, let’s explore what possibilities there are.
It’s really difficult in this state because human emotions are very unstable. First, you have to face the pressure of debt repayment, second, the pressure of daily life, and third, the anxiety that comes from occasional losses. Both your mind and body will experience a great burden. In what seems like a desperate situation, being able to perform well in trading truly requires surviving in the cracks of adversity.
The most practical thing is that you need to make money every week, ideally every day. In this situation, don’t think about making a lot of money, just take the trend trades; if you can get 5 or 10 points, take them and try not to let profits retreat. Only hold for longer if there’s a particularly good opportunity. Don’t look down on making three hundred or five hundred; this is necessary for survival. Find ways to improve your win rate. A win-loss ratio of 1:1 or 1:2 is fine because this is ultra-short-term trading. You cannot pursue a high win-loss ratio without considering your win rate. If you can’t make money in ten days or half a month, how will you survive?
It’s best to combine short and long-term strategies. When you can consistently earn over 10,000 a month, you must take some money out. Don’t think about doubling it or rolling it over; if your funds get too large, it can become overwhelming. Emotions can easily take over, and if you encounter significant retracement, you might even face liquidation. In fact, lowering your expectations can lighten your burden. The pressure of debt makes you fear losses, and you can’t afford to lose. The habit of not cutting losses can really leave you with nothing, and when there's only one chance left, you will cherish your capital even more.
Another key point is to review and practice the few cryptocurrencies you’ve traded each day after the market closes, just to train your trading sense and become familiar with the patterns of these fluctuations.
The last point is the mindset issue; this is crucial! How do you adjust your mindset? To be honest, you can only find a way to reconcile with yourself. First, don’t blame yourself, regardless of the hopes you had when entering this market. It’s completely normal for a mortal to have worldly desires. Life has its ups and downs; as long as you don’t give up on yourself, you will always have a chance to turn things around!
When external influences have little effect on you, you need to constantly summarize and review; these experiences are your valuable lessons. Every experience you have is not redundant; they all benefit you, that’s life. It takes one or even several cycles to understand that such experiences are equivalent to a significant review. However, this review is quite abstract and hard to perceive. This is the benefit that hardship brings; it requires breaking yourself down, self-iteration, and self-reconstruction. This is something everyone will face to some extent in their lifetime; don’t be afraid, it’s just a process.
See through the various aspects of life; happiness, pain, and hardship are just experiences, a game of human nature. Once you understand this, you can truly enjoy your own peace and happiness.