After going through a few failed trades, I finally understood something for real: many people don’t lose because of the market—they lose because of their own hands, the ones that can’t be controlled.
Go back and go through those previously losing orders one by one. The money you lost truly because you didn’t understand the market probably isn’t as much as you think. On the contrary, it’s those trades that you absolutely could have avoided in the first place that make up most of the losses.
When the market has no clear direction, you should normally be patient and stay in cash. But once you see others posting profit screenshots, your mind starts to itch. You feel like if you don’t enter now, you’ll miss the opportunity—so you casually jump in somewhere.
During range-bound conditions, you want to gamble on a breakout. When prices rise, you’re afraid of missing out. When a pullback comes, you can’t help but try to bottom-fish. In the end, you open several positions in a single day. It looks like you’re busy, but the account keeps shrinking little by little.
When you’re right, you get greedy. You already have decent profits, yet you always think you can take a bit more. Then the final pullback forces you to give all the floating gains back. When you’re wrong, you stubbornly hold on. Stop-loss is right there, but you can’t bear to admit you’re wrong—so a small loss drags step by step into a big one.$BOME
So later on, I came to believe more and more that the truly difficult part of trading isn’t necessarily how complex the techniques are. It’s whether you have the ability to not act when there aren’t opportunities.
The market moves every day, but the opportunities worth participating in aren’t actually that many. Many “exciting-looking” price movements turn out, once you get in, to be just ranging volatility that keeps sweeping people back and forth.
People who can steadily build up their accounts usually aren’t the ones who open a dozen positions in a day. Instead, most of the time they’re waiting—only stepping in when they understand it and the conditions are truly met.
In the crypto world, the market won’t actively force you to open a position. More often than not, it’s your own urge that makes you reach out your hands.
Make fewer trades without logic. Hold your hand in check, keep your principal. When real opportunities arrive, you’ll finally have the资格 to hold on.#美联储纪要显示不支持降息
Go back and go through those previously losing orders one by one. The money you lost truly because you didn’t understand the market probably isn’t as much as you think. On the contrary, it’s those trades that you absolutely could have avoided in the first place that make up most of the losses.
When the market has no clear direction, you should normally be patient and stay in cash. But once you see others posting profit screenshots, your mind starts to itch. You feel like if you don’t enter now, you’ll miss the opportunity—so you casually jump in somewhere.
During range-bound conditions, you want to gamble on a breakout. When prices rise, you’re afraid of missing out. When a pullback comes, you can’t help but try to bottom-fish. In the end, you open several positions in a single day. It looks like you’re busy, but the account keeps shrinking little by little.
When you’re right, you get greedy. You already have decent profits, yet you always think you can take a bit more. Then the final pullback forces you to give all the floating gains back. When you’re wrong, you stubbornly hold on. Stop-loss is right there, but you can’t bear to admit you’re wrong—so a small loss drags step by step into a big one.$BOME
So later on, I came to believe more and more that the truly difficult part of trading isn’t necessarily how complex the techniques are. It’s whether you have the ability to not act when there aren’t opportunities.
The market moves every day, but the opportunities worth participating in aren’t actually that many. Many “exciting-looking” price movements turn out, once you get in, to be just ranging volatility that keeps sweeping people back and forth.
People who can steadily build up their accounts usually aren’t the ones who open a dozen positions in a day. Instead, most of the time they’re waiting—only stepping in when they understand it and the conditions are truly met.
In the crypto world, the market won’t actively force you to open a position. More often than not, it’s your own urge that makes you reach out your hands.
Make fewer trades without logic. Hold your hand in check, keep your principal. When real opportunities arrive, you’ll finally have the资格 to hold on.#美联储纪要显示不支持降息
