90% of retail investors lose money, not because they don't understand candlestick charts, but because they clearly know they should stay out of the market yet insist on trading. The ones who can truly outperform the market usually do three things:
1. Enter the market only during significant declines (buying the dip when others are panicking, rather than trying to catch the bottom every day)
2. Stay out of the market most of the time (80% of the time in the crypto market is a rubbish market; waiting is more important than rushing in)
3. Take profits when you have them, never fall in love with a position (don’t aim to sell at the highest point; making a profit is better than being stuck)
But the most fatal mistake is "not knowing how to cut losses."
You can win 100 times, but if you get lucky once and don't cut your losses, you could give back all your profits. **The cruelty of the crypto market is that going to zero only requires one mistake, while making money requires countless correct decisions.**
Thus, the true winner is not the one who is "right every time," but rather **the one who makes more when they are winning and loses less when they are losing.**
If you can't control your impulses, no matter how skilled you are, it won't save you.
The most expensive tuition in the crypto market is not losing money, but knowing exactly what to do and still making mistakes.
I am @Crypto 反卷祖师爷 , skilled in short to medium-term contracts and medium to long-term spot strategies, sharing investment tips daily. Detailed strategy teaching points @ come!
