The biggest fairness in the cryptocurrency world lies in: it will make everyone who does not respect market rules pay for their lessons with real money. The description of "hold your hands" is essentially "first make yourself invincible, and then wait for the enemy to be vulnerable" from The Art of War — survive, and wait for the market to make mistakes before taking action. Let's encourage each other.
Why do people "earn by following but end up losing money"?
1. Survivorship bias: People only see a few accurate judgments by "Old Chen" but ignore the periods when he may have also lost money; followers often enter the market at the wrong time.
2. Cognitive gap: Experts earn "discipline money," while ordinary people earn "luck money." The same operation can yield vastly different results due to professional players having stop-loss/profit-taking strategies, whereas retail investors rely on gut feelings.
3. The underlying logic of holding your hands Transaction costs eat into profits: The fees, slippage, and funding rates from frequent trading can be more deadly than losses in a bear market.
4. Candlestick illusion: The market is noise 90% of the time, with less than 10% of trends truly worth taking action on. Most people want to "create opportunities" in volatile markets.
5. Psychological traps: Wanting to quickly recover losses (revenge trading) after a loss, or fearing profit givebacks (premature profit-taking) during gains, are weaknesses of human nature.
6. Key strategies for survival Bullet management: Always keep at least 50% of your capital as a reserve to avoid being forced to cut losses at the bottom.
7. Asymmetrical risk: Betting 10 times your capital with 1% is possible, but betting 20% with 50% of your capital is suicide.
8. Mechanical trading: Establish strict rules {e.g., stop trading for 24 hours if losses exceed 5% in a single day}
9. A wake-up call for losers • Acknowledge your ordinariness: The market specializes in dealing with all forms of disobedience; three consecutive months of losses mean the market is telling you "the method is wrong."
10. Simulation paradox: Only move to real money after consistently earning on a demo account for six months, but 99% of people can’t stick to it for two weeks.
11. Leaving is also wisdom: If you continue to lose money, temporarily stepping away may be the best "trading strategy." When a bull market arrives, those who watch from the sidelines often earn more than those who trade chaotically.
12. Anti-human nature thinking training • When you feel you "must seize this market wave," ask yourself: Can I endure a 20% reverse fluctuation?
13. When continuously profitable, proactively withdraw 50% of the profits to avoid becoming a slave to the market's short-term fluctuations.
Trading Experience Sharing: Pay Less Tuition, Earn More Profits (A must-read for beginners)
Trading Experience Sharing: Pay less tuition, earn more profits (A must-read for beginners) Main text: Hello everyone, as a veteran player who has stumbled through spot trading, contracts, incremental trading, and full position trading, I would like to share some personal experiences today in hopes of helping newcomers avoid detours and pay less tuition. After all, no one's money comes from thin air. 1. What to play? Steady or Exciting? • Stable play: It is recommended to start with low leverage, and consider high leverage only after paying a few tuition fees. • Exciting Trading: Those who enjoy risk can play contracts, but remember, a pure gambler's mentality with 75-125x leverage carries extremely high risks, use with caution!
Old Chen publicly shouted that $IN $TANSSI followers have probably gotten numb In a little snack, the damage was hit and then lifted again, cursing, Those who followed TANSSI should have eaten quite a bit of meat
Continue to follow Old Chen and ambush the skyrocketing coin, eat the big meat