I've seen too many people enter crypto trading with the dream of "turning a monthly salary of 3,000 into 300,000," only to become stepping stones in the market's turbulence, with their principal wiped out. I have personally blown up my account 3 times and experienced 5 black swan events of various sizes. Today, I want to honestly say: in this 24/7 nonstop market, there is no such thing as a "get-rich-quick secret." Those who survive and make money have actually completed an upgrade in their mindset from "gamblers" to "discipline practitioners."
**Forget that "prediction theory"**
The most common novice mistake is treating candlestick charts as crystal balls, constantly trying to precisely predict market turns and perfectly buy the dip or sell at the top. But I can tell you through the blood and tears of 3 account blow-ups: the essence of the crypto market is "uncertainty." No technical indicator or news can predict the trend with 100% accuracy.
A truly mature trader is not a "fortune-teller," but a "probability manager." Our goal in trading is not to "win every trade," but to "let the winning trades earn enough, and cut losses quickly on losing trades." The trend-following strategy I use now is very simple: I don't expect to buy at the lowest point or sell at the highest point, I only focus on the most certain profit segments within the trend.
Take the collapse of a certain algorithmic stablecoin in 2022 as an example. Some of my positions were also trapped, but because I had set a stop-loss limit in advance—limiting each loss to no more than 1.5% of the total account funds—I cut losses in time and only lost 5%. In contrast, those still waiting for a "bottom-fishing opportunity" and holding their entire position are likely to face the outcome you can imagine.
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AirdropHuntress
· 6h ago
A 1.5% stop-loss line is indeed effective... but data still depends on the historical performance of wallet addresses. Otherwise, no matter how well-regulated the strategy is, it can't save those who choose the wrong coins.
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BlockDetective
· 6h ago
Three liquidations and still so calm—truly a wolf. I’ve noted the 1.5% stop-loss figure.
I've seen too many people enter crypto trading with the dream of "turning a monthly salary of 3,000 into 300,000," only to become stepping stones in the market's turbulence, with their principal wiped out. I have personally blown up my account 3 times and experienced 5 black swan events of various sizes. Today, I want to honestly say: in this 24/7 nonstop market, there is no such thing as a "get-rich-quick secret." Those who survive and make money have actually completed an upgrade in their mindset from "gamblers" to "discipline practitioners."
**Forget that "prediction theory"**
The most common novice mistake is treating candlestick charts as crystal balls, constantly trying to precisely predict market turns and perfectly buy the dip or sell at the top. But I can tell you through the blood and tears of 3 account blow-ups: the essence of the crypto market is "uncertainty." No technical indicator or news can predict the trend with 100% accuracy.
A truly mature trader is not a "fortune-teller," but a "probability manager." Our goal in trading is not to "win every trade," but to "let the winning trades earn enough, and cut losses quickly on losing trades." The trend-following strategy I use now is very simple: I don't expect to buy at the lowest point or sell at the highest point, I only focus on the most certain profit segments within the trend.
Take the collapse of a certain algorithmic stablecoin in 2022 as an example. Some of my positions were also trapped, but because I had set a stop-loss limit in advance—limiting each loss to no more than 1.5% of the total account funds—I cut losses in time and only lost 5%. In contrast, those still waiting for a "bottom-fishing opportunity" and holding their entire position are likely to face the outcome you can imagine.