Having navigated the crypto world for 7 years and made over 50 million in profits with real money, I want to share the top 10 most painful lessons I've learned. These are not some profound theories, but practical experiences gained through blood, sweat, and tears.
**Don't go all-in right from the start** If your capital is only 10,000 yuan, never go all-in. One decent bull run per year is enough. Honestly, staying alive is more important than anything.
**Cognitive limits cap your gains** How much you can earn is actually determined by your cognitive ceiling. Practice with a demo account first, hone your mindset, then invest real money. Even one mistake in real trading could mean immediate exit.
**Good news becomes bad news once it's exhausted** Don't get overly excited by news. Often, good news is already reflected in the price. The first day of a high opening is usually the start of a trap.
**Reduce positions before holidays** This is not superstition but market law. Markets tend to fall before holidays, so smart traders clear their positions in advance.
**Keep cash for medium- and long-term** Don't be greedy to squeeze every last drop in a single rally. Learn to sell in batches and keep enough ammunition for the next opportunity.
**Follow volume for short-term trades** Only focus on coins with active trading volume. Zombie coins are a waste of time. Illiquid assets can be dumped at any moment.
**Downward decline and sharp drop are completely different** A slow decline is especially draining, gradually crushing your mindset; a sharp drop often rebounds quickly. Mastering this rhythm requires experience.
**Cut losses when losing money** This is the hardest but most important rule. Keep your capital alive; opportunities are always there. Holding on blindly only deepens the trap.
**Use 15-minute K-line and KDJ for short-term** No need to study overly complex indicators. Combining 15-minute candlesticks with KDJ makes it easy to spot good buy and sell points.
**Master one or two technical indicators** Instead of learning ten indicators half-heartedly, master 1-2 techniques thoroughly. One trick is enough to succeed.
Avoiding detours means more profit. I hope these lessons help those still exploring in the crypto space.
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DegenDreamer
· 01-11 05:41
Here are several comments with different styles:
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That's right, full position trading is really a life-and-death proposition. I've seen too many people go all-in and end up wiped out.
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I deeply understand the saying "good news is bad news." Every time, I'm pressed down at high levels and rubbed out.
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Stop-loss is the hardest part. It sounds easy to say but hard to do... The psychological struggle to hold on stubbornly really exposes human weakness.
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15-minute K-line plus KDJ, is that enough? I feel like I need to add some other indicators for better confirmation.
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Reducing positions before holidays, I forgot again this time and got caught in a trap.
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A gradual decline is indeed more torturous than a crash, slowly eroding all your confidence.
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Making a profit of 50 million sounds easy, but only after actual trading do you realize how many life-and-death moments are behind it.
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The phrase "cognitive limitations restrict returns" really hit home. Small investors are limited by a low ceiling.
View OriginalReply0
CompoundPersonality
· 01-08 20:48
Living is winning, and this really hits the nail on the head... I am the opposite example of someone who goes all-in and gets eliminated immediately.
I only now realize the importance of reducing positions before the holiday; I used to want to eat a little more each time, but as a result, the holiday was gone in an instant.
15-minute K-line combined with KDJ... sounds simple, but how many people can actually execute it? Still the same old story, only one trick is needed.
Stop-loss is the hardest part. Watching my coins gradually decline, rationality tells me to sell, but I just can't bear to... I will change this time.
The concept of cognitive ceiling is intense, it feels a bit like a slap in the face.
View OriginalReply0
FunGibleTom
· 01-08 08:16
Really, the moment you go all-in, you've already decided to lose. I've seen too many people go all-in and get eliminated immediately.
I have to say, the cognitive ceiling is the most hitting. Not making money basically means your mind isn't in the right place.
When positive news is exhausted, the market crashes. I've been duped countless times by this, and now when I see good news, I want to run.
Clearing out before the holiday is so important. Many people's accounts are wiped out after returning from the holiday.
Stop-loss is easy to say but hard to do. Honestly, I've never seen anyone turn things around by stubbornly holding on.
View OriginalReply0
WenMoon42
· 01-08 06:57
Stop loss is really the hardest part. I have too many brothers around me who stubbornly hold on until the end.
A 50 million yuan market cap can survive until now, they must have done something right.
Being fully invested is spot on. I swear, I went all-in once and directly went back to square one.
When good news is exhausted, it becomes bad news. That really hit me... On the day of the gap up, I was trapped so badly.
I only now understand the rule of reducing positions before holidays, and I’ve been坑了 myself several times.
Choosing coins based on trading volume is brilliant. I’ve fallen into the trap of too many zombie coins before.
A steady decline tests patience a hundred times more than a sharp drop, really.
The cognitive ceiling... it’s a bit painful but it’s truly a truth.
15-minute K-line plus KDJ, is it really that simple? It doesn’t feel that easy.
One trick to rule them all, but how much time does it take to find that trick?
Living is the hard truth. I need to carve this into my brain.
View OriginalReply0
defi_detective
· 01-08 06:57
This brother's point about stop-loss really hits home. How many people just hold on to a coin from thousands down to hundreds, and are still waiting for it to double.
I have deep experience with clearing out before the holiday. Every time, I get fooled by the illusion of bottom-fishing.
Going all-in with full position size is just a joke. If you put all 10,000 yuan of capital in, one spike can wipe you out completely. Staying alive is really the most important.
It feels like I've heard this set of theories countless times, but only a few can truly do it. Most people still rely on luck to gamble.
Focusing only on trading volume for short-term trading already filters out most trash coins, saving a lot of risk of being dumped on.
Good news is often followed by bad news. By the time you realize this, you're usually already trapped. The reaction speed just can't keep up.
The part about sideways decline and sharp drop is spot on. Sideways decline is the most exhausting, while sharp drops can be opportunities—it's all about your mindset.
Master one skill and you can conquer all. Instead of learning everything superficially, it's better to deeply master one indicator. Too many people's tech stacks are messy and shallow.
View OriginalReply0
SolidityJester
· 01-08 06:54
50 million brothers, stop pretending, we've been the early buyers at high prices
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Just go all in, anyway, you can't lose twice
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When there's good news, you should run. I'm the kind of person who clears out my positions as soon as I see the news
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I agree with reducing positions before the holiday. Last time I didn't reduce, and I got trapped for three months
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Short-term trading really depends on trading volume. Those dead coins are not worth paying attention to
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I've used KDJ combined with candlestick charts, but honestly, I still rely on intuition
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Cutting losses to prevent further losses? Easier said than done, the psychological barrier is too tough
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The phrase "cognitive ceiling" hit me. Maybe I'm just at that level
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One trick to master everything, I'm the kind of person who sticks to one indicator
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Staying alive is more important than anything. This is the true principle of the crypto world
View OriginalReply0
ILCollector
· 01-08 06:53
Zhaiyu countdown is the real deal; full positions always get out first
How many people go all-in after hearing good news, only to be brutally harvested at high levels? This time, it's very clear
The 15-minute K with KDJ is indeed excellent, much more reliable than those flashy indicators
Stop-loss is easy to talk about but hard to do. I only realized after dying once
View OriginalReply0
PriceOracleFairy
· 01-08 06:33
ngl the "recognize when good news is already priced in" part hits different after watching dozens of pump-and-dumps... that's literally just efficient market theory dressed up in combat boots lmao
Having navigated the crypto world for 7 years and made over 50 million in profits with real money, I want to share the top 10 most painful lessons I've learned. These are not some profound theories, but practical experiences gained through blood, sweat, and tears.
**Don't go all-in right from the start** If your capital is only 10,000 yuan, never go all-in. One decent bull run per year is enough. Honestly, staying alive is more important than anything.
**Cognitive limits cap your gains** How much you can earn is actually determined by your cognitive ceiling. Practice with a demo account first, hone your mindset, then invest real money. Even one mistake in real trading could mean immediate exit.
**Good news becomes bad news once it's exhausted** Don't get overly excited by news. Often, good news is already reflected in the price. The first day of a high opening is usually the start of a trap.
**Reduce positions before holidays** This is not superstition but market law. Markets tend to fall before holidays, so smart traders clear their positions in advance.
**Keep cash for medium- and long-term** Don't be greedy to squeeze every last drop in a single rally. Learn to sell in batches and keep enough ammunition for the next opportunity.
**Follow volume for short-term trades** Only focus on coins with active trading volume. Zombie coins are a waste of time. Illiquid assets can be dumped at any moment.
**Downward decline and sharp drop are completely different** A slow decline is especially draining, gradually crushing your mindset; a sharp drop often rebounds quickly. Mastering this rhythm requires experience.
**Cut losses when losing money** This is the hardest but most important rule. Keep your capital alive; opportunities are always there. Holding on blindly only deepens the trap.
**Use 15-minute K-line and KDJ for short-term** No need to study overly complex indicators. Combining 15-minute candlesticks with KDJ makes it easy to spot good buy and sell points.
**Master one or two technical indicators** Instead of learning ten indicators half-heartedly, master 1-2 techniques thoroughly. One trick is enough to succeed.
Avoiding detours means more profit. I hope these lessons help those still exploring in the crypto space.