The past few days have been the most volatile market I've ever seen in the crypto world, so shaky that you can't even play.
You have to run after making a little profit, or else you'll get stuck. More importantly, the entire exchange rate is extremely chaotic; today Bitcoin is strong to an absurd degree, and in the next hour it could turn into Ethereum.
I suggest everyone stay out of the market.
As you walk this path of trading, you'll find that learning to stay out might be the most subtle and important lesson of all. After experiencing significant losses or even making a big profit, it’s best to give yourself some time to stay out, to catch your breath and think things through. This reasoning may sound plain and unremarkable, but actually achieving it tests a person's patience.
Newcomers to trading often pour all their thoughts into finding that 'perfect' entry point. They always think they can buy at the lowest point and sell at the highest point, as if that would let them take full advantage of the price. But if you think about it, this obsession is mostly due to a fear of normal market fluctuations and the shadow of losses. They always hope that as soon as they make a move, the market will follow their expectations, often setting their stop-losses very strictly, as if tying their hands and feet with a thin line. What’s the result? The market shakes slightly, the stop-loss gets triggered, and they get swept out. Over time, opening a position can even become a psychological burden, making people hesitate.
The market will always throw out various temptations, like colorful candies, tempting people to act. But truly skilled individuals can quietly hold their position, like a wise person standing on the shore, waiting for the river to clear and the fish to appear. This kind of determination, this courage to choose to wait in uncertainty, may be the most precious practice in trading.
So, staying out of the market sounds simple, yet it’s like a mirror reflecting a trader's inner self. It is not just a strategy but also an understanding of oneself and a respect for the market. To learn to stay out and wait on this path, I think that might be a sign of a trader transitioning from naivety to maturity. Let’s encourage each other!