The most frequently asked question in the backend private messages is: "How to stay stable without losing in the crypto market?"
I remember the meeting in Shenzhen last year very clearly. Lao Lin was staring at his phone screen, and his account balance showed 12,000 U. He said he was watching the market for eight hours every day, and his hair was visibly thinning.
He is actually not foolish and has a good eye for selecting coins. The problem lies in his operations: he panics and sells as soon as the price rises a bit, fearing that the profit will fly away; when a real bull market comes, he can't control himself and rushes to the high point, and then he ends up standing guard.
I asked him at the time: "Are you planning to continue betting based on feelings, or do you really want to build up your account?"
He thought for a long time and said to give it a try.
So I told him a few things —
Don't rush to enter the market. Before the 5-day moving average and 10-day moving average have formed an upward arrangement, even if the coin price jumps happily, just keep an eye on it and don't make any moves.
Keep your position light. The first trade is always a trial; add more only if you have floating profits, and do not touch the principal at all.
Cut losses decisively. Set a line at 1.5%, and when it reaches that point, sell without giving yourself a chance to make excuses.
Take profit in stages. First, sell half to pocket the profits, and let the rest follow the trend, going as far as it can.
He did it for three months.
In the past two months, the main focus was on swing trading with mainstream coins, and the account gradually climbed to 40,000 U. Later, he began to follow the rhythm of sector rotation, managing to set up positions a little in advance before each rally. Once, after confirming support on a pullback, he increased his position, which pushed the account directly to 110,000 U.
A couple of days ago, he sent a message saying: "In the past, I was chasing the market, but now I feel like I'm waiting for the market to come."
Many people think that doubling is based on luck. In fact, it's not luck that's lacking, but rhythm and a sense of position.
Trading is essentially about being in the right place and letting the trend carry you.
The market won't wait for anyone, but the method can keep you at the table.
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HodlVeteran
· 12-02 23:45
Old Lin is a typical case of suckers bailing-in, it looks great... I used to mess around like this too, didn't lose much hair, but didn't make much money either.
If you stand in the right position, you can win easily, that's what they say, but how many people can really hold back their hands... I certainly didn't.
Surviving in a Bear Market is better than anything else, let's talk again when the next market comes.
Those who went all in have gone to retirement, still need to learn the lesson of stop loss.
Looking at 110,000 U, I remember a time I recklessly increased the position, but... never mind, let's not mention it.
If you really want to stay calm, you need to be three minutes cooler than the market, which is harder for retail investors than any technical analysis.
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SnapshotLaborer
· 12-02 16:21
The key is the mindset; the stop loss part tests human nature the most, as most people die here.
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NFTFreezer
· 12-02 16:21
Old Lin's story struck a chord with me; that part about staring at the market for eight hours a day is indeed a bit harsh. However, to be honest, I think his method is still too textbook; the market isn't that obedient.
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BearEatsAll
· 12-02 15:54
This story from Old Lin is a bit heart-wrenching... Every pullback is like this, and the ones who cut losses are always the impatient ones.
The most frequently asked question in the backend private messages is: "How to stay stable without losing in the crypto market?"
I remember the meeting in Shenzhen last year very clearly. Lao Lin was staring at his phone screen, and his account balance showed 12,000 U. He said he was watching the market for eight hours every day, and his hair was visibly thinning.
He is actually not foolish and has a good eye for selecting coins. The problem lies in his operations: he panics and sells as soon as the price rises a bit, fearing that the profit will fly away; when a real bull market comes, he can't control himself and rushes to the high point, and then he ends up standing guard.
I asked him at the time: "Are you planning to continue betting based on feelings, or do you really want to build up your account?"
He thought for a long time and said to give it a try.
So I told him a few things —
Don't rush to enter the market. Before the 5-day moving average and 10-day moving average have formed an upward arrangement, even if the coin price jumps happily, just keep an eye on it and don't make any moves.
Keep your position light. The first trade is always a trial; add more only if you have floating profits, and do not touch the principal at all.
Cut losses decisively. Set a line at 1.5%, and when it reaches that point, sell without giving yourself a chance to make excuses.
Take profit in stages. First, sell half to pocket the profits, and let the rest follow the trend, going as far as it can.
He did it for three months.
In the past two months, the main focus was on swing trading with mainstream coins, and the account gradually climbed to 40,000 U. Later, he began to follow the rhythm of sector rotation, managing to set up positions a little in advance before each rally. Once, after confirming support on a pullback, he increased his position, which pushed the account directly to 110,000 U.
A couple of days ago, he sent a message saying: "In the past, I was chasing the market, but now I feel like I'm waiting for the market to come."
Many people think that doubling is based on luck. In fact, it's not luck that's lacking, but rhythm and a sense of position.
Trading is essentially about being in the right place and letting the trend carry you.
The market won't wait for anyone, but the method can keep you at the table.