Stop “learning”—it’s a shortcut to making profits in crypto. The more you “learn,” the more you lose. By learning, I mean studying the candlestick theories of various KOLs: MACD, resistance levels, support levels, and so on. The more you watch, the more confused you get.
Candlesticks lag. They lag. They lag. They’re all lines drawn for retail suckers… Read that sentence 100 times. No one can predict where candlesticks will go in the future. Candlesticks are just for retail suckers. You’ll sometimes get it right, and so will the various KOLs. The difference between you and a KOL is that they only tell everyone about and show the times they got it right. They hide the times they got it wrong. But the trades they hide are often the ones that lose money. When you copy a KOL’s trades, what you’re really doing is trying to pick out the trades they got wrong. You can’t tell which ones those are.
The end result is that when you copy someone else’s trades, you win a little when you win, but when you lose, you lose big. Why? Because these KOLs trade with tiny positions or hedge their positions. They don’t care whether they get liquidated or stopped out. Their profits come from commissions. The moment people start copying their trades, they’re done. All they need to do is show everyone impressive-looking stats—stats that are fabricated, and whose truthfulness is impossible to verify. So when you’re being misled, and your goals for making money don’t align with theirs, the outcome is obvious when your fate is in the hands of someone who makes money from rebates: you’ll get stopped out or liquidated. The most unscrupulous KOLs keep telling everyone to set stop-losses and trade frequently.
Their win rates, profits, and stop-losses are no better than yours. At least when the market moves sharply against you, you know enough to preserve some of your capital. You’ve wasted so much time copying KOLs and learning their so-called candlestick techniques, all under false pretenses. You’d be better off studying your own trading logic.
Just study one chart pattern and focus on capturing one market pattern. This doesn’t mean resistance levels, support levels, or MACD. It means patterns like the N-shape and inverted N-shape—capturing just one segment of a trend and not trying to squeeze out the last bit of profit. You must build your own trading system. It should include: chart patterns (the foundation), position management (mindset), a simple method (dollar-cost averaging), investment thinking (capital flows), and the market-maker mindset (thinking against human nature).
Candlesticks lag. They lag. They lag. They’re all lines drawn for retail suckers… Read that sentence 100 times. No one can predict where candlesticks will go in the future. Candlesticks are just for retail suckers. You’ll sometimes get it right, and so will the various KOLs. The difference between you and a KOL is that they only tell everyone about and show the times they got it right. They hide the times they got it wrong. But the trades they hide are often the ones that lose money. When you copy a KOL’s trades, what you’re really doing is trying to pick out the trades they got wrong. You can’t tell which ones those are.
The end result is that when you copy someone else’s trades, you win a little when you win, but when you lose, you lose big. Why? Because these KOLs trade with tiny positions or hedge their positions. They don’t care whether they get liquidated or stopped out. Their profits come from commissions. The moment people start copying their trades, they’re done. All they need to do is show everyone impressive-looking stats—stats that are fabricated, and whose truthfulness is impossible to verify. So when you’re being misled, and your goals for making money don’t align with theirs, the outcome is obvious when your fate is in the hands of someone who makes money from rebates: you’ll get stopped out or liquidated. The most unscrupulous KOLs keep telling everyone to set stop-losses and trade frequently.
Their win rates, profits, and stop-losses are no better than yours. At least when the market moves sharply against you, you know enough to preserve some of your capital. You’ve wasted so much time copying KOLs and learning their so-called candlestick techniques, all under false pretenses. You’d be better off studying your own trading logic.
Just study one chart pattern and focus on capturing one market pattern. This doesn’t mean resistance levels, support levels, or MACD. It means patterns like the N-shape and inverted N-shape—capturing just one segment of a trend and not trying to squeeze out the last bit of profit. You must build your own trading system. It should include: chart patterns (the foundation), position management (mindset), a simple method (dollar-cost averaging), investment thinking (capital flows), and the market-maker mindset (thinking against human nature).