The $BTC $ETH market updates from last night’s party—anyone holding short positions while refusing to cut should remember this. Always remember: open a position only with a stop loss. A stop loss isn’t just about losing a small amount of money; it’s to prevent you from losing your composure and stubbornly holding on. If your direction is wrong and you keep fighting the market, the longer you hold, the heavier your position gets—until you eventually get liquidated and your account goes to zero.
✅ Newcomers, remember these rules firmly:
1、Don’t see the K-line move a little and get itchy to open trades. Most market movements aren’t worth you entering. Frequent trading just wastes money on exchange fees.
2、Quit chasing price spikes and panic-selling. When it pumps and everything turns red, you get excited and rush in; when it drops and panic sets in, you cut at the lowest point. Back and forth you get hit—your principal is lost little by little this way.
3、Don’t let ego make you bet against the market. The market won’t follow your thoughts. If you’re wrong, admit it—stubbornly holding will turn a small loss into a big one.
4、Don’t fantasize that “holding on a bit” will bring you back to breakeven. In the crypto market, it won’t be polite—sharp wicks are ruthless. One extreme wick can wipe your account out completely, and it won’t give you a chance to regret it.
5、Don’t get carried away and go all-in with heavy positions just because you’re in profit. The money you make is only a number on paper—one heavy all-in trade can force you to give it all back.
6、Stop thinking you can bottom-tick and top-pick. You always want to catch the entire move of the market. In the end, most people buy the dip around the mid-slope and sell the top around the mid-slope.
Wake up! The futures/contract market specializes in dealing with every kind of defiance. If you fight the chart head-on and let emotions control your trades, most people eventually lose everything and exit. In this market, surviving matters far more—by ten thousand times—than getting rich overnight.
✅ Newcomers, remember these rules firmly:
1、Don’t see the K-line move a little and get itchy to open trades. Most market movements aren’t worth you entering. Frequent trading just wastes money on exchange fees.
2、Quit chasing price spikes and panic-selling. When it pumps and everything turns red, you get excited and rush in; when it drops and panic sets in, you cut at the lowest point. Back and forth you get hit—your principal is lost little by little this way.
3、Don’t let ego make you bet against the market. The market won’t follow your thoughts. If you’re wrong, admit it—stubbornly holding will turn a small loss into a big one.
4、Don’t fantasize that “holding on a bit” will bring you back to breakeven. In the crypto market, it won’t be polite—sharp wicks are ruthless. One extreme wick can wipe your account out completely, and it won’t give you a chance to regret it.
5、Don’t get carried away and go all-in with heavy positions just because you’re in profit. The money you make is only a number on paper—one heavy all-in trade can force you to give it all back.
6、Stop thinking you can bottom-tick and top-pick. You always want to catch the entire move of the market. In the end, most people buy the dip around the mid-slope and sell the top around the mid-slope.
Wake up! The futures/contract market specializes in dealing with every kind of defiance. If you fight the chart head-on and let emotions control your trades, most people eventually lose everything and exit. In this market, surviving matters far more—by ten thousand times—than getting rich overnight.