Unknowingly, it has been 10 years since I entered the market. At 36, looking back, when I first entered 14 years ago, the 60,000 I had was borrowed, and I had no confidence at all.
Now my account has surpassed 8 digits, to be honest, my feelings are quite complex. The earnings are not fast, nor based on luck; it has truly been a step-by-step journey, reflecting on every pitfall along the way.
In trading, I have tried almost every style from long-term to short-term, from ultra-short to intraday swings.
Now you say I understand the technology? I would say yes, but I am not a top expert. However, I dare say that my understanding of losing money may be deeper than that of most people.
In the past six years, I have seen too many people build high towers only to have them collapse. Tens of thousands turned into tens of millions, and one bear market wiped everything out.
Do you think their skills were poor? No, they just got used to holding positions, and when luck ran out, and the bullets were spent, a single drawdown wiped everything out.
Some people made money 100 times, but once they couldn't hold on, that time became a complete loss.
Additionally, there is a problem that has truly exhausted me: too many people start to feel "urgent" once they lose money. They want to break even immediately, which leads to chaotic operations and ultimately losing everything.
I am not a saint; I have made mistakes too, but one thing I know clearly: the market will not listen to your commands.
Don't think that "I feel it should rise" will definitely lead to a rise, or "I judge this is a trap" will certainly be a trap. If you are wrong, you should cut losses, not stubbornly hold on.
Trading in the cryptocurrency market is essentially about whether you can endure, whether you can admit you were wrong, and whether you can act according to the rules.
To put it bluntly, it’s not that you can’t make trades; it’s that you are unwilling to admit defeat, unwilling to recognize mistakes, and in the end, you are still greedy.
Stop claiming to be a "believer" or saying things like "holding on will bring it back"; that’s not belief, it’s self-deception of a gambler.
Now my assets have exceeded ten million, and there’s nothing to brag about. I am just executing simple rules
to the utmost:
Admit when wrong
Set stop losses when opening positions
Make decisions when calm; shut down the computer when emotions rise
You think making money relies on skills? In reality, the truth is: every time you don’t follow the rules, you are digging your own grave.
The market is still there, and there are plenty of opportunities. As long as you can turn off your emotions and follow the rules, don’t say 60,000; even with 10,000 in capital, you can turn things around.
