People ask me how I can control myself.
Set rules before the trading session
Before entering, decide where you’ll enter, where you’ll place your stop-loss, and how much you’ll buy. Write it down clearly in advance. At your predetermined levels, execute—if it hasn’t hit yet, just wait. Don’t make impulsive decisions mid-trade. At that point, your judgment is basically unreliable.
When you start getting carried away, get away from the screen
You see a big bullish candle and your heart starts racing, your fingers itching to buy? Stand up, get a glass of water, scroll your phone a couple of times, or even just go to the bathroom. After five minutes, that urge usually passes.
After two losing trades, stop
If you lose two trades in a single day, don’t think, “I’ll do one more to get it back.” Just close the software. The more you try to recover losses, the harder you’ll lose—that’s a rule of thumb you can’t break.
Don’t let position sizing scare you
If after buying you keep checking the chart and you can’t sleep well at night, it means you bought too much. Reduce it to the amount where you can feel calm and sleep soundly.
Don’t stare at group chats
When someone in the group yells “Charge!” or “It’s about to crash!”, it’s easy to get swept along with the momentum. If you’re watching charts, watch the candlesticks. Don’t mix in other things.
If you’re wrong, admit it—don’t hold on
If your stop-loss is hit, cut the position. Don’t think, “Wait a bit and see if it can come back.” Holding on all the way until the end often turns a small loss into a big one.
Actually, it’s just one sentence: Decide in advance. Do it when it’s time. If it’s not there yet, wait. Don’t act on impulse.
$BTC $ETH #股票财报季 #SEC主席拟推动股市上链 #美国8月职位空缺降至五个月低点
Set rules before the trading session
Before entering, decide where you’ll enter, where you’ll place your stop-loss, and how much you’ll buy. Write it down clearly in advance. At your predetermined levels, execute—if it hasn’t hit yet, just wait. Don’t make impulsive decisions mid-trade. At that point, your judgment is basically unreliable.
When you start getting carried away, get away from the screen
You see a big bullish candle and your heart starts racing, your fingers itching to buy? Stand up, get a glass of water, scroll your phone a couple of times, or even just go to the bathroom. After five minutes, that urge usually passes.
After two losing trades, stop
If you lose two trades in a single day, don’t think, “I’ll do one more to get it back.” Just close the software. The more you try to recover losses, the harder you’ll lose—that’s a rule of thumb you can’t break.
Don’t let position sizing scare you
If after buying you keep checking the chart and you can’t sleep well at night, it means you bought too much. Reduce it to the amount where you can feel calm and sleep soundly.
Don’t stare at group chats
When someone in the group yells “Charge!” or “It’s about to crash!”, it’s easy to get swept along with the momentum. If you’re watching charts, watch the candlesticks. Don’t mix in other things.
If you’re wrong, admit it—don’t hold on
If your stop-loss is hit, cut the position. Don’t think, “Wait a bit and see if it can come back.” Holding on all the way until the end often turns a small loss into a big one.
Actually, it’s just one sentence: Decide in advance. Do it when it’s time. If it’s not there yet, wait. Don’t act on impulse.
$BTC $ETH #股票财报季 #SEC主席拟推动股市上链 #美国8月职位空缺降至五个月低点
