The road to trading coins is really not an easy one.
Back when I was losing the most, I was completely crushed. I couldn’t sleep at night, tossing and turning. The more I lost, the more I wanted to win it back, and I kept making all kinds of counterproductive moves, which only made things worse. During that period, what I ate most often was two buckets of Master Kong beef noodles; it almost became part of my daily routine. Looking back now, I actually feel grateful for that darkest time—because even now, I still occasionally cook up a bucket, only now I can add a sausage to it.
What has really stayed with me over the years isn’t some magical indicator or perfect trade, but these three iron rules below:
First, position sizing always comes first. Just because you have 100,000 in hand doesn’t mean all of it should be thrown in. My habit is to split it up: first use a portion to test the waters, and keep the rest of the capital firmly on the sidelines. If you misread the market, at least you still have a chance to get back in; what’s truly scary is going all-in with one heavy position and getting yourself wiped out in one shot, leaving no chance to recover.
Second, decide how to exit before you enter. Set your stop-loss and take-profit points before opening the position. If you’re wrong, admit the loss and leave quickly; if you’re right, try to let the profit run a bit longer. Never pick a fight with the market, and never tell yourself, “Just wait a little longer, it will definitely come back.” The market never cares how badly you’re trapped, and it won’t turn around just because you’re unwilling to accept it.
Third, make fewer trades you’re not sure about. A lot of people make more than ten trades a day and feel like they’re especially hardworking, but in reality they’re just constantly paying fees to the exchange. Truly worthwhile opportunities simply don’t show up every day. Sometimes making a few high-quality trades seriously in a week is far better than chasing highs and selling lows every single day.
So the principle I give myself now is very simple: no all-in bets, no stubbornly holding losing positions, and no adding to losing trades against the trend.
Money that’s been earned should be locked in when it should be; mistakes should be cut when they should be cut. Futures trading, at the end of the day, is not about who is braver, but about who can stay alive longer. If you protect your principal, then when the market gives you another chance, you’ll still have chips on the table.
Brothers, stay steady and take it slowly.
#BTC突破7万大关 $BTC #BTC
Back when I was losing the most, I was completely crushed. I couldn’t sleep at night, tossing and turning. The more I lost, the more I wanted to win it back, and I kept making all kinds of counterproductive moves, which only made things worse. During that period, what I ate most often was two buckets of Master Kong beef noodles; it almost became part of my daily routine. Looking back now, I actually feel grateful for that darkest time—because even now, I still occasionally cook up a bucket, only now I can add a sausage to it.
What has really stayed with me over the years isn’t some magical indicator or perfect trade, but these three iron rules below:
First, position sizing always comes first. Just because you have 100,000 in hand doesn’t mean all of it should be thrown in. My habit is to split it up: first use a portion to test the waters, and keep the rest of the capital firmly on the sidelines. If you misread the market, at least you still have a chance to get back in; what’s truly scary is going all-in with one heavy position and getting yourself wiped out in one shot, leaving no chance to recover.
Second, decide how to exit before you enter. Set your stop-loss and take-profit points before opening the position. If you’re wrong, admit the loss and leave quickly; if you’re right, try to let the profit run a bit longer. Never pick a fight with the market, and never tell yourself, “Just wait a little longer, it will definitely come back.” The market never cares how badly you’re trapped, and it won’t turn around just because you’re unwilling to accept it.
Third, make fewer trades you’re not sure about. A lot of people make more than ten trades a day and feel like they’re especially hardworking, but in reality they’re just constantly paying fees to the exchange. Truly worthwhile opportunities simply don’t show up every day. Sometimes making a few high-quality trades seriously in a week is far better than chasing highs and selling lows every single day.
So the principle I give myself now is very simple: no all-in bets, no stubbornly holding losing positions, and no adding to losing trades against the trend.
Money that’s been earned should be locked in when it should be; mistakes should be cut when they should be cut. Futures trading, at the end of the day, is not about who is braver, but about who can stay alive longer. If you protect your principal, then when the market gives you another chance, you’ll still have chips on the table.
Brothers, stay steady and take it slowly.
#BTC突破7万大关 $BTC #BTC
