The summary of my experiences over the years in one sentence: Those who defy human nature live, those who conform to human nature die.



Three years ago, I watched my account shrink from 20,000 yuan to 600 in three months. That night, I was paralyzed in my chair, trembling violently, with only one thought in my mind: "This market is just here to take down those who refuse to submit."

Now, my account has grown from 600 to 150,000. It’s not luck; I’ve simply learned a few lessons from the market. These lessons are written in blood.

**01 The market loves to punish intuitive traders**

In my early days, I was a typical "feeling-based" trader. I would scroll through social media, join groups, and buy whichever coin was surging. Guess the result? Buying at the top and selling at the bottom—that was my daily routine.

Later, I realized that 90% of my losses weren’t due to bad luck but because of counter-trend trading. The market is like an ocean; seasoned traders follow the current, never fighting against the waves. I switched to trend trading, waiting for clear signals before acting. This change tripled my win rate.

**02 The smartest move during consolidation is to stay out of the market**

The crypto market is full of noise. News is everywhere. Beginners are afraid of missing opportunities and rush in blindly. But anyone with experience knows that when candlesticks jump back and forth and indicators are chaotic, staying out can prevent tenfold losses.

I learned this lesson in 2019. During that chaotic week, I jumped into three different assets in three days, thinking "if the east isn’t bright, then the west must be." As a result, I lost 40% in a week. If I hadn’t figured it out later, I’d still be stuck in the trap of chasing trends.

Now, I have a strict rule: during consolidation, I never open new positions, no matter how tempting the opportunity. Staying out isn’t passive; it’s taking control of my own fate.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MonkeySeeMonkeyDovip
· 22h ago
Well... it does have some substance, but the story feels a bit like a textbook.
View OriginalReply0
PermabullPetevip
· 22h ago
Bro, this article really hit the mark. Turning 600 into 150,000 is truly a battle of blood and sweat. Going with the trend is the way to go. I also learned this after stepping into countless pits.
View OriginalReply0
StablecoinArbitrageurvip
· 22h ago
actually, the order book depth during those consolidation periods is *chef's kiss* — most retail don't even realize they're just providing liquidity for the actual smart money to exit. been running the math on this (n=847 trades across 2019-2024) and the correlation coefficient between fomo entries during sideways action and subsequent 30-day drawdowns is literally 0.94. absolutely brutal.
Reply0
liquidation_surfervip
· 22h ago
Really, it feels like a dead end. I only understood after being hit myself.
View OriginalReply0
TokenUnlockervip
· 22h ago
Haha, this is me. When I rely on intuition, I really get reckless. Now I've learned to stay out of the market, and life feels much better.
View OriginalReply0
memecoin_therapyvip
· 22h ago
This guy is right, going with the market is the way to survive; trying to do something against the trend is just waiting to die. I was the same back then, getting anxious when I saw others making quick money.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)