Stop relying on your "sixth sense" to trade cryptocurrencies; that's the beginning of chronic liquidation!
I used to think, like most people, that by looking at K-lines every day and adding a bit of "market feel," I could make a fortune in the crypto world. What happened? I lost 100,000 USDT in a year, my mindset collapsed, and my hair was thinning.
During the most absurd times, I could open dozens of trades in a day, increasing my position when it was up, and holding on when it was down, staring at the market until four in the morning, only to lose big again the next day, while deceiving myself into believing I was about to make a comeback.
Looking back now, that was not trading cryptocurrencies; it was being slowly harvested by the market.
The three major traps of chronic liquidation:
1️⃣ Frequent trading = feeding the market
Every time I thought, "The opportunity has come," but in reality, the fees were slowly eating away at my profits.
2️⃣ High leverage = amplifying your stupidity
A 5% fluctuation directly leads to liquidation, thinking you are a warrior, but in fact, you are just a gambler waiting to be eliminated.
3️⃣ Chasing highs and cutting losses = inflicting the most severe wound on yourself
When it goes up, I chase it; when it goes down, I panic. After cutting, it rebounds; it's not the cryptocurrency losing money, but emotions and ignorance.
Eventually, I changed. It's not about luck or predictions, but completely discarding market feel and building a stable trading logic.
Now I:
Only make 1-2 trades a day
Trade the right market, not gamble on the future
Profit far exceeds the total from frequent trades in the entire week
If you are also frequently losing, anxiously staring at the screen, and unable to sleep at night, then it's time to stop and think if your direction is wrong.
Real trading is not based on feelings, but on understanding.
Stop blindly going all in. Otherwise, you will find that
It’s not the crypto world that changed you, but you will never be able to go back!