Long-term trading is inherently counterintuitive. If you can withstand the pain of profit drawdowns and the despair of continuous losses, you must be exceptional, possessing both determination and strength, as well as extraordinary courage and confidence. If you are not such a person, I highly advise against long-term trading.
If you can't overcome human nature, then go with it and understand it. Short-term swing trading accumulates small profits over time, avoids overnight positions and holding onto losing trades. This kind of operation model is suitable for most people. Of course, this doesn't mean short-term trading has no drawbacks; it is very energy-consuming, and you can't make a lot of money on each trade. Although it feels like physical labor, it effectively avoids the risk of massive losses, protecting your capital from significant drawdowns. As long as your capital is preserved, there are infinite opportunities in this market.
It took me nearly two years to truly earn my first pot of gold in the cryptocurrency circle. I got involved with cryptocurrency contracts in 2018, fearless at that time.
With my own strength, I lost over 800,000 in half a year while still working. Although most of it was my savings, I didn’t dare to let my family know.
People know this because they initially did not understand or support my actions. I find the most painful part is not how much I lost, but the feeling of loss.
Under long-term pressure, negative emotions make me feel gloomy.
In the following year, I continued to earn and lose, but I became increasingly familiar with Ethereum's market trends, gradually forming my own trading sense and rhythm.
This may be due to good luck; in 2020, during the bull market, with the surge of Ethereum, my trading system matured, focusing on intraday swing trading.
The entry points are also more precise, and emotional control has significantly improved. This year, not only did I recover previous losses, but I also earned additional profits.
I have always traded with a strategy of 30,000 USDT, doubling and then withdrawing funds. After a liquidation, I would rest and adjust before continuing to invest.
It's easy. This approach is also a method of capital risk control. I only trade intraday, firmly avoiding overnight positions and not holding onto losing trades to avoid being caught in huge market movements.
After 20 years of full-time trading, I have gained more insights into this market. In the cryptocurrency circle, a day feels like a year in the human world. The market rotates between bulls and bears.
There are fluctuations. Focus on certain segments, and it doesn't matter if it’s long or short; you can make money. Sometimes, you just have to try to avoid letting your subjective judgment interfere with the market.
The objective trends of emotions can be influenced by too many subjective judgments. Once the market goes against you, it's easy to hold onto losing positions. So, trade according to how the market moves.
Opportunities in the market are actually endless. As long as you try to avoid making the same mistakes, such as holding onto losing trades or over-leveraging against the trend, you can.
If you preserve your capital, you can definitely make profits in the market.
In trading, I'm not afraid of large fluctuations because they can create trending opportunities; I'm also not afraid of small fluctuations because they can be managed.
The worst thing is that emotions change with market fluctuations, and then you might miss all the rhythms you’ve built up over time, which hurts both your finances and your feelings.
Contracts are a testing ground for human nature. Sometimes, after multiple operations and consecutive losses, it's easy to over-leverage or hold onto losing trades. These mistakes stem from human nature.
Trading is often counterintuitive. Full-time trading requires overcoming much more pain, misunderstanding, and loneliness. Also, never self-deny. Gradually find your trading rhythm; when you are doing well, don’t get overly ambitious, and when you are doing poorly, don’t belittle yourself.
In the cryptocurrency circle, it has already been the fourth year. The trading is still ongoing, and there are profits, but my mindset has changed. I see many things more lightly and love life more, enjoying the mundane.
Wishing you a continuous stream of wealth, and feel free to like and follow!
