Five years ago, I had just over 10,000 yuan left in my account.
Back then, I had one thought every day: How could I turn things around? When the next market rally came, would I be able to catch it?
Now my account is in the seven figures, and I find myself thinking more and more simply. It’s not that I’ve made enough. It’s that I’ve suffered real losses and felt real pain, so I know the price of impulsive trading.
First, never go all in.
No matter how confident I am about a market move, I never bet everything on it at once. The market always has surprises, and no matter how accurate you are, you can’t be right 100% of the time. Leaving some room in your position isn’t cowardice—it’s keeping a way out for yourself.
Many people lose money not because they got the direction wrong, but because they made one mistake and used up all their ammunition. When the next opportunity comes, all they can do is watch. $NMR
Second, only take opportunities you understand.
The market rises and falls every day, but there are only a few times when it’s truly worth making a move.
If prices are soaring wildly, don’t chase them; if they’re plunging, don’t rush to buy the dip. Wait for the trend to emerge and for the price to reach the right level, then act. The more desperate you are to make money, the more likely you are to end up holding what someone else doesn’t want.
Third, keep trading simple.
I don’t pile on indicators. I look at just three things: trend, strength, and price level.
If they line up, I trade; if they don’t, I wait. When I’m making a profit, I let it run a little longer; when I’m wrong, I admit it and get out promptly. Adding to a losing position is often not a strategy—it’s a refusal to admit you were wrong.
Finally, a message for those still hanging on in the market:
Don’t fight the trend. Don’t let your position get out of control. Don’t make decisions based on emotion.
There will always be opportunities.
But once your capital is gone, there really won’t be another chance. $BTC
Back then, I had one thought every day: How could I turn things around? When the next market rally came, would I be able to catch it?
Now my account is in the seven figures, and I find myself thinking more and more simply. It’s not that I’ve made enough. It’s that I’ve suffered real losses and felt real pain, so I know the price of impulsive trading.
First, never go all in.
No matter how confident I am about a market move, I never bet everything on it at once. The market always has surprises, and no matter how accurate you are, you can’t be right 100% of the time. Leaving some room in your position isn’t cowardice—it’s keeping a way out for yourself.
Many people lose money not because they got the direction wrong, but because they made one mistake and used up all their ammunition. When the next opportunity comes, all they can do is watch. $NMR
Second, only take opportunities you understand.
The market rises and falls every day, but there are only a few times when it’s truly worth making a move.
If prices are soaring wildly, don’t chase them; if they’re plunging, don’t rush to buy the dip. Wait for the trend to emerge and for the price to reach the right level, then act. The more desperate you are to make money, the more likely you are to end up holding what someone else doesn’t want.
Third, keep trading simple.
I don’t pile on indicators. I look at just three things: trend, strength, and price level.
If they line up, I trade; if they don’t, I wait. When I’m making a profit, I let it run a little longer; when I’m wrong, I admit it and get out promptly. Adding to a losing position is often not a strategy—it’s a refusal to admit you were wrong.
Finally, a message for those still hanging on in the market:
Don’t fight the trend. Don’t let your position get out of control. Don’t make decisions based on emotion.
There will always be opportunities.
But once your capital is gone, there really won’t be another chance. $BTC
