The money I once earned in a single day—I later gave it all back to the market over the next few days.
Over the years trading, my biggest lesson is: when you’re making money, never assume you’re invincible.
When I first entered the crypto world, I was actually quite cautious.
Before every buy, I would consider the risks, and I wouldn’t casually put on an oversized position.
But after catching a few favorable market moves in a row, people slowly changed.
Confidence brought by the account going up can easily create a false sense of reality—thinking you’ve already grasped the market’s patterns.
Later, when I saw a hot trend, I no longer waited; when I saw a rise, I no longer analyzed; when I saw others making money, I started to be afraid that I would miss out.
At one point, a coin surged rapidly in a short time.
I originally had no plan to participate, but as the price kept climbing, I became increasingly anxious.
In the end, I still rushed in.
The result was that right after I bought, the market started to correct.
At first when I was losing, I thought it wasn’t a big issue; when I lost a bit more, I told myself it would come back soon; only at the end did I realize I wasn’t trading anymore—I was fighting my losses.
That one time made me fully understand: the market won’t change just because you have expectations.
Later, I set these rules for myself:
First, don’t go all-in or chase a full position. There are no absolutely certain opportunities in the market—always leave yourself an exit.
Second, consider risk before every trade. First think about the maximum you can lose, then think about how much you can earn.
Third, don’t trade markets you can’t understand. There are many opportunities, but not every opportunity belongs to you.
Fourth, don’t rush to buy the dip. The truly good positions often appear when others have lost patience.
Fifth, don’t chase market sentiment. When everyone is疯狂, that’s often when risk is at its highest.
Sixth, after a streak of consecutive profitable trades, reduce your position size. When you’re riding the wind, you need to remind yourself to stay calm even more.
Seventh, after you incur losses, don’t rush to get even. Revenge trading is the beginning of many people falling into a deep pit.
Eighth, pay attention to changes in volume and price. Whether an uptrend has sustained support from capital matters more than short-term price increases.
Ninth, learn how to wait. Experts aren’t trading every day—they trade only high-value opportunities.
In the past, I thought making money meant taking action nonstop.
Now I believe making money comes from making fewer mistakes.
If you truly want to rely on trading to support a living, what you need is stability—not excitement.
Over the years trading, my biggest lesson is: when you’re making money, never assume you’re invincible.
When I first entered the crypto world, I was actually quite cautious.
Before every buy, I would consider the risks, and I wouldn’t casually put on an oversized position.
But after catching a few favorable market moves in a row, people slowly changed.
Confidence brought by the account going up can easily create a false sense of reality—thinking you’ve already grasped the market’s patterns.
Later, when I saw a hot trend, I no longer waited; when I saw a rise, I no longer analyzed; when I saw others making money, I started to be afraid that I would miss out.
At one point, a coin surged rapidly in a short time.
I originally had no plan to participate, but as the price kept climbing, I became increasingly anxious.
In the end, I still rushed in.
The result was that right after I bought, the market started to correct.
At first when I was losing, I thought it wasn’t a big issue; when I lost a bit more, I told myself it would come back soon; only at the end did I realize I wasn’t trading anymore—I was fighting my losses.
That one time made me fully understand: the market won’t change just because you have expectations.
Later, I set these rules for myself:
First, don’t go all-in or chase a full position. There are no absolutely certain opportunities in the market—always leave yourself an exit.
Second, consider risk before every trade. First think about the maximum you can lose, then think about how much you can earn.
Third, don’t trade markets you can’t understand. There are many opportunities, but not every opportunity belongs to you.
Fourth, don’t rush to buy the dip. The truly good positions often appear when others have lost patience.
Fifth, don’t chase market sentiment. When everyone is疯狂, that’s often when risk is at its highest.
Sixth, after a streak of consecutive profitable trades, reduce your position size. When you’re riding the wind, you need to remind yourself to stay calm even more.
Seventh, after you incur losses, don’t rush to get even. Revenge trading is the beginning of many people falling into a deep pit.
Eighth, pay attention to changes in volume and price. Whether an uptrend has sustained support from capital matters more than short-term price increases.
Ninth, learn how to wait. Experts aren’t trading every day—they trade only high-value opportunities.
In the past, I thought making money meant taking action nonstop.
Now I believe making money comes from making fewer mistakes.
If you truly want to rely on trading to support a living, what you need is stability—not excitement.