When your account drops from 10,000 U to 5,000 U, you’re asking which coin could double.
When it drops from 5,000 U to 2,000 U, you’re still asking which coin could double.
And when your account is almost empty, you’re still asking which coin could double.
Honestly, most people don’t lose money because they picked the wrong coins.
They lose because they don’t even have the most basic trading rules.
They spend every day researching which coin could go up tenfold, but never ask themselves why they keep failing to hold on to their profits.
Over the years, I’ve come to believe that three things matter more than picking coins.
First, watch the overall market.
When BTC is falling, if you insist on looking for coins that are rising against the trend, you’ll most likely end up holding the bag for someone else.
When the market is good, everyone looks like an expert.
When the market is bad, you find out who’s been swimming naked.
Second, only trade coins you know well.
Today you chase AI, tomorrow MEME, and the day after that RWA.
You chase every trend, and in the end, you know a little about everything but do none of it well.
Keeping an eye on two or three major coins is enough.
Knowing their behavior inside out is far more useful than chasing new concepts every day.
Third, decide how you’ll cut your losses before you enter a trade.
It sounds simple, but 90% of people can’t do it.
Set your stop-loss before you buy.
When it hits, get out.
Don’t hold on, don’t gamble, and don’t keep telling yourself to wait a little longer.
Many huge losses start with wishful thinking.
A lot of people think what they’re missing is a 100x coin.
What they’re really missing is discipline.
If you can’t manage your position size, you won’t be able to seize an opportunity even when one comes along.
If you can’t stick to your stop-loss, even the best market conditions won’t help you lock in your gains.
After all these years in crypto, my biggest takeaway can be summed up in one sentence:
Coin selection determines how much you can earn; discipline determines how much you’ll have left in the end.
When it drops from 5,000 U to 2,000 U, you’re still asking which coin could double.
And when your account is almost empty, you’re still asking which coin could double.
Honestly, most people don’t lose money because they picked the wrong coins.
They lose because they don’t even have the most basic trading rules.
They spend every day researching which coin could go up tenfold, but never ask themselves why they keep failing to hold on to their profits.
Over the years, I’ve come to believe that three things matter more than picking coins.
First, watch the overall market.
When BTC is falling, if you insist on looking for coins that are rising against the trend, you’ll most likely end up holding the bag for someone else.
When the market is good, everyone looks like an expert.
When the market is bad, you find out who’s been swimming naked.
Second, only trade coins you know well.
Today you chase AI, tomorrow MEME, and the day after that RWA.
You chase every trend, and in the end, you know a little about everything but do none of it well.
Keeping an eye on two or three major coins is enough.
Knowing their behavior inside out is far more useful than chasing new concepts every day.
Third, decide how you’ll cut your losses before you enter a trade.
It sounds simple, but 90% of people can’t do it.
Set your stop-loss before you buy.
When it hits, get out.
Don’t hold on, don’t gamble, and don’t keep telling yourself to wait a little longer.
Many huge losses start with wishful thinking.
A lot of people think what they’re missing is a 100x coin.
What they’re really missing is discipline.
If you can’t manage your position size, you won’t be able to seize an opportunity even when one comes along.
If you can’t stick to your stop-loss, even the best market conditions won’t help you lock in your gains.
After all these years in crypto, my biggest takeaway can be summed up in one sentence:
Coin selection determines how much you can earn; discipline determines how much you’ll have left in the end.