Treat trading as a side job. The first thing is to solve one problem:
Under what circumstances should I not take action at all?
No one taught me this before. I only figured it out little by little after losing quite a bit.
When the market drops hard, I don’t buy just because I see a screen full of red. I wait. After the sell-off, who can actually hold their ground? Some coins fall not that much—then once the funds come back the next day, they start repairing. Others look like they’ve hit the “floor price,” but they can still keep dropping. Over time, you’ll realize “cheap” isn’t something you can judge by price alone.
The same is true when the market shifts into an uptrend.
The real breakout surge phase often throws people off the train. After it rises for a bit, a pullback comes—then panic kicks in and you sell. The next day it keeps climbing. I’ve suffered too many losses like that before, so now, as long as the original trading logic hasn’t changed, I won’t make random moves just because of a bit of normal fluctuation.
For short-term trades, it’s the opposite.
If a trade doesn’t play out according to expectations for a long time after entering, I won’t keep finding excuses for it. The market has no obligation to prove that I’m right. If I’m wrong, I exit and look for a new opportunity.
The most troublesome part is frequent trading. In the morning I think this coin looks good, in the afternoon I think another one is stronger. At night I see someone calling trades in the group and feel like switching. After messing with it all day, I look extremely busy—but the account doesn’t really change.
Now I’d rather miss out.
After all, the market isn’t closing its doors tomorrow. If you don’t do it today, you’ll have another chance in a few days. The biggest risk of treating it as a side job is turning yourself into a professional gambler. Spend less time watching the charts and place fewer trades. Paradoxically, you’ll be more likely to see clearly which market moves are truly worth doing.@K线猎人- $PROM
Under what circumstances should I not take action at all?
No one taught me this before. I only figured it out little by little after losing quite a bit.
When the market drops hard, I don’t buy just because I see a screen full of red. I wait. After the sell-off, who can actually hold their ground? Some coins fall not that much—then once the funds come back the next day, they start repairing. Others look like they’ve hit the “floor price,” but they can still keep dropping. Over time, you’ll realize “cheap” isn’t something you can judge by price alone.
The same is true when the market shifts into an uptrend.
The real breakout surge phase often throws people off the train. After it rises for a bit, a pullback comes—then panic kicks in and you sell. The next day it keeps climbing. I’ve suffered too many losses like that before, so now, as long as the original trading logic hasn’t changed, I won’t make random moves just because of a bit of normal fluctuation.
For short-term trades, it’s the opposite.
If a trade doesn’t play out according to expectations for a long time after entering, I won’t keep finding excuses for it. The market has no obligation to prove that I’m right. If I’m wrong, I exit and look for a new opportunity.
The most troublesome part is frequent trading. In the morning I think this coin looks good, in the afternoon I think another one is stronger. At night I see someone calling trades in the group and feel like switching. After messing with it all day, I look extremely busy—but the account doesn’t really change.
Now I’d rather miss out.
After all, the market isn’t closing its doors tomorrow. If you don’t do it today, you’ll have another chance in a few days. The biggest risk of treating it as a side job is turning yourself into a professional gambler. Spend less time watching the charts and place fewer trades. Paradoxically, you’ll be more likely to see clearly which market moves are truly worth doing.@K线猎人- $PROM
