#BinanceBlockchainWeek 3000万——When I look at my account balance, I remember that version of myself from two years ago, who was struggling with 50,000 on the trading platform.
To be honest, I am not a genius. I saved money while working for most of my life, and I only have that little bit of savings. After entering the cryptocurrency market, I initially chased popular coins and was confused by various news. After losing money a few times, I finally understood: this market is not short of opportunities, but it lacks people who can control themselves.
In the first two years, I only did one thing - watching the "N shape". $PIPPIN was caught just like that at that time. Many people thought I was foolish, saying I missed a lot of surging opportunities. But I knew in my heart that that 1.5 million was exchanged for countless times of "not taking action". The pattern hasn't formed yet? Don't move. No matter how strong the rise, if the confirmation signal is wrong? Still don't move.
Later, it took me a year to grow from 1.5 million to 8 million. During this period, I realized a principle: the frequency of operations is inversely proportional to the returns. In the past, I would watch the market for more than ten hours every day, but now I only check the 4-hour candlestick chart once a day, spending 5 minutes to confirm the direction of the 20-day moving average, and doing whatever else during the rest of the time. $DOGS That wave of market trend was steadily capitalized on like this.
The craziest part was the last 5 months - going from 8 million to 30 million directly. But to be honest, I became more cautious during this phase. I only took trades when the patterns were completely confirmed, and I would exit immediately upon a breakout, never taking chances. I cleared my positions three days before the pullback of $SOL , and many people called me cowardly. As a result, the market crashed by 30% a week later.
My current trading rules are simple to the extreme:
First, do not enter the market until the pattern is confirmed, no matter how tempting the price increase is, it has nothing to do with me.
Second, stop loss immediately when breaking the level, do not get emotional with the market;
Third, withdraw when you've made enough. I withdrew my principal when it reached 1.5 million, and took half directly when it reached 8 million for stable investment.
There is no so-called "surefire secret" in this market. I just have more patience than others, able to resist chasing after rises, able to cut losses when in the red, and able to avoid greed when in profit. With 20 times of 10% compound growth, one can grow from 50,000 to tens of millions, but most people can't last until that day.
If you are also struggling in this market, remember: surviving is more important than running fast.
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SmartContractPlumber
· 7h ago
What you said is absolutely right, but I want to ask—during the process of going from 1.5 million to 8 million, have you ever encountered projects with permission control flaws? Because I’ve seen too many people stumble on tokens that seemed perfect in form, only to later discover the contract itself had reentrancy vulnerabilities or integer overflow issues. Your “do nothing” philosophy is indeed correct, but the premise is that the underlying assets you interact with don’t have formal verification flaws—otherwise, no matter how much time you spend looking at the charts, it’s all for nothing.
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CountdownToBroke
· 12-02 15:52
I can't help but say, this is what I've been emphasizing all along - stop loss and discipline are the true superpowers, not luck.
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PerpetualLonger
· 12-02 15:51
Well, fine, even without trading frequency, I can go from 50,000 to double digits. This market really tests human nature.
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GasDevourer
· 12-02 15:40
Not chasing the price is truly a skill. I used to ruin my life out of greed, but now I'm learning to control my frequency, and I feel much better mentally. This guy is right.
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gm_or_ngmi
· 12-02 15:35
Endure? Easy to say, hard to do... I am the kind of person who gets itchy hands when I see a rise limit, and once I act, I incur losses.
#BinanceBlockchainWeek 3000万——When I look at my account balance, I remember that version of myself from two years ago, who was struggling with 50,000 on the trading platform.
To be honest, I am not a genius. I saved money while working for most of my life, and I only have that little bit of savings. After entering the cryptocurrency market, I initially chased popular coins and was confused by various news. After losing money a few times, I finally understood: this market is not short of opportunities, but it lacks people who can control themselves.
In the first two years, I only did one thing - watching the "N shape". $PIPPIN was caught just like that at that time. Many people thought I was foolish, saying I missed a lot of surging opportunities. But I knew in my heart that that 1.5 million was exchanged for countless times of "not taking action". The pattern hasn't formed yet? Don't move. No matter how strong the rise, if the confirmation signal is wrong? Still don't move.
Later, it took me a year to grow from 1.5 million to 8 million. During this period, I realized a principle: the frequency of operations is inversely proportional to the returns. In the past, I would watch the market for more than ten hours every day, but now I only check the 4-hour candlestick chart once a day, spending 5 minutes to confirm the direction of the 20-day moving average, and doing whatever else during the rest of the time. $DOGS That wave of market trend was steadily capitalized on like this.
The craziest part was the last 5 months - going from 8 million to 30 million directly. But to be honest, I became more cautious during this phase. I only took trades when the patterns were completely confirmed, and I would exit immediately upon a breakout, never taking chances. I cleared my positions three days before the pullback of $SOL , and many people called me cowardly. As a result, the market crashed by 30% a week later.
My current trading rules are simple to the extreme:
First, do not enter the market until the pattern is confirmed, no matter how tempting the price increase is, it has nothing to do with me.
Second, stop loss immediately when breaking the level, do not get emotional with the market;
Third, withdraw when you've made enough. I withdrew my principal when it reached 1.5 million, and took half directly when it reached 8 million for stable investment.
There is no so-called "surefire secret" in this market. I just have more patience than others, able to resist chasing after rises, able to cut losses when in the red, and able to avoid greed when in profit. With 20 times of 10% compound growth, one can grow from 50,000 to tens of millions, but most people can't last until that day.
If you are also struggling in this market, remember: surviving is more important than running fast.