How long does it actually take to make your first pot of gold in crypto? $SOPH
In the end, it comes down to eight words: don’t be greedy for small gains, and don’t fall into big traps.
I knew a guy who put 50,000 in, watched it rise to 53,000, and quickly cashed out. A 6% gain felt great to him, and he thought locking in profits was the safe move. But then it kept rallying all the way to 68,000, and he had nothing to do with that entire 30% move.
When the price fell back to 50,000, then dropped to 47,000, he actually stopped selling—thinking, it’s already fallen this much, how much lower can it go? He held on stubbornly, and in the end, when he couldn’t take it anymore, he cut it at a loss.
So many people get slapped in the face by the market like this: they’re afraid profits will disappear when it rises, and afraid of selling at the bottom when it falls. Anxiety on both sides, and nothing to show for it.
How do you deal with it?
Look for coins that have already gone through a full decline and are slowly turning upward from the bottom. Don’t touch new coins, don’t try to guess the bottom, and only pay attention to whether the trend has truly reversed.
Start with a small position to build a base. Once the trend is confirmed to be stable, add in batches until you reach a reasonable position size. Don’t always try to buy at the absolute lowest point. Making a little less is still better than losing money on a confused trade.
Once you’ve made a decent chunk of profit, do one thing first: take out your principal plus part of the profit, and let the remaining position keep running. When you reach your take-profit level, leave decisively. Even if it doubles afterward, don’t look back. If the money hasn’t reached your wallet, it’s always just a number. $APR
Last year, a friend of mine had lost more than 600,000 and was on the verge of breaking down mentally. He relied on this kind of rhythm, grinding through trade after trade, and in half a year he not only recovered the losses but also bought a car. #美军打击霍尔木兹岛及贾斯克目标
There’s never a shortage of people in crypto who can read the direction correctly. What’s scarce are the people who can read it right, hold on to it, and know when to walk away. $NAORIS
Being able to control your hands is far more valuable than being able to read the chart. #美国银行集团完成USBDC稳定币试点
In the end, it comes down to eight words: don’t be greedy for small gains, and don’t fall into big traps.
I knew a guy who put 50,000 in, watched it rise to 53,000, and quickly cashed out. A 6% gain felt great to him, and he thought locking in profits was the safe move. But then it kept rallying all the way to 68,000, and he had nothing to do with that entire 30% move.
When the price fell back to 50,000, then dropped to 47,000, he actually stopped selling—thinking, it’s already fallen this much, how much lower can it go? He held on stubbornly, and in the end, when he couldn’t take it anymore, he cut it at a loss.
So many people get slapped in the face by the market like this: they’re afraid profits will disappear when it rises, and afraid of selling at the bottom when it falls. Anxiety on both sides, and nothing to show for it.
How do you deal with it?
Look for coins that have already gone through a full decline and are slowly turning upward from the bottom. Don’t touch new coins, don’t try to guess the bottom, and only pay attention to whether the trend has truly reversed.
Start with a small position to build a base. Once the trend is confirmed to be stable, add in batches until you reach a reasonable position size. Don’t always try to buy at the absolute lowest point. Making a little less is still better than losing money on a confused trade.
Once you’ve made a decent chunk of profit, do one thing first: take out your principal plus part of the profit, and let the remaining position keep running. When you reach your take-profit level, leave decisively. Even if it doubles afterward, don’t look back. If the money hasn’t reached your wallet, it’s always just a number. $APR
Last year, a friend of mine had lost more than 600,000 and was on the verge of breaking down mentally. He relied on this kind of rhythm, grinding through trade after trade, and in half a year he not only recovered the losses but also bought a car. #美军打击霍尔木兹岛及贾斯克目标
There’s never a shortage of people in crypto who can read the direction correctly. What’s scarce are the people who can read it right, hold on to it, and know when to walk away. $NAORIS
Being able to control your hands is far more valuable than being able to read the chart. #美国银行集团完成USBDC稳定币试点
