#以太坊行情解读 Trading for 8 years, all the pitfalls I've encountered are now laid out
Starting from zero to accumulating tens of millions, honestly, it's a process of constantly making mistakes and correcting them. Someone asked me what my biggest gain was, and I think it's these ten lessons, each learned through blood lessons.
If you've been trading cryptocurrencies for over a year and haven't broken through a million, I suggest you calm down and take a careful look. Not that reading this will definitely make you money, but at least it can help you avoid some pitfalls. If you still can't make money after that, feel free to discuss anytime.
**Principal no more than 200,000? Don't expect big gains all year round**
Small funds should avoid full positions and frequent trading. Instead of chasing monthly profits, it's better to conserve energy and wait for that main upward wave. This time of eating well often comes faster than trying all year round. Mainly, your mindset will be much better, and you won't need to watch the market constantly.
**Before entering with real money, first use a demo account to smooth out your temper**
The advantage of a demo account is that you can fail infinitely many times. But in real trading, one big mistake can cause someone to give up. So, awareness must come first, and mindset must be in place first. Funds are always the last thing to catch up.
**After a major positive announcement, a high open the next day? That's a good opportunity to sell**
This is an old rule. When good news hits the market, it often starts to reverse. Greedily chasing the last piece of meat will likely lead to losses. True skill is knowing when to realize profits.
**Before major holidays, start reducing positions a week in advance**
Historical data shows that selling pressure before holidays is common. Instead of holding on stubbornly, it's better to be out of the market or lightly positioned during the holiday. This way, you can avoid many unexpected crashes and reduce psychological stress.
**The way to operate medium to long-term is to keep your positions moving**
Always keep some cash on hand. When the market rises, sell in batches; when it falls, buy back. This way, your positions are always rotating, and your account can last longer. Never hold on rigidly and blindly.
**What to look at in short-term trading? Volume and candlestick patterns tell all**
Choose coins with large fluctuations and active trading volume for short-term trading. Coins that don't move or have no trading activity are a waste of time. Volume is real, and charts speak for themselves.
**The speed of decline can predict the strength of the rebound**
A slow decline will lead to a gentle rebound, while a rapid crash often results in a powerful rebound. Rhythm is very important. Don't frequently bottom out during a slow decline, as that will only deepen your losses.
**Cut losses when wrong; don't let one mistake become a fatal injury**
Never hold on to a single loss stubbornly. Quick stop-loss is a way to protect your principal. Protecting your capital is the only way to stay in the game. Many people die because they keep saying, "I'll wait a bit longer, and I'll get back to break-even."
**15-minute candlestick + KDJ indicator, clear buy and sell signals at a glance**
Short-term trading doesn't need to be complicated. Focus on key levels in small timeframes, combined with KDJ, and buy/sell signals will be very clear. No need to look at ten indicators at once.
**Master two or three methods; don't try to learn all indicators**
There are thousands of trading techniques, but greed for too many will make it hard to master. Practice one or two strategies until they are second nature; the actual results are often better than knowing everything but mastering nothing.
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.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
AdnanAli
· 12-19 07:19
The only way I could do that was if you had to do
Reply0
TrustMeBro
· 12-18 23:10
It took me 8 years to realize these things. I've only been playing for 2 years and already started to frequently cut losses. Looks like I need to keep taking hits.
View OriginalReply0
FlashLoanLord
· 12-18 23:06
Honestly, he hit the pain points of small funds perfectly, especially that "frequent entry and exit"... I used to get stuck there myself, every day itching to trade.
I'm really afraid that some people will just listen to it as a story, and in the end, go back to their old ways—frequently bottom-fishing.
The stop-loss part is the most painful; many people lose because of the words "wait a bit longer." I've experienced it myself.
The simulated trading suggestion is good, but unfortunately most people skip this step entirely. When real money is involved, it's all lessons learned.
It's a good methodology in theory, but honestly, you need the right mindset. Without the right mindset, everything else is useless.
This theory works well at small levels, but the market changes faster than flipping through a book, so execution is key.
The main thing is realizing that there's an entire universe between cognition and execution, haha.
View OriginalReply0
WenMoon42
· 12-18 23:02
To be honest, I feel offended by those with small funds obsessively monitoring various indicators... Fine, next time I'll try his approach.
View OriginalReply0
SignatureAnxiety
· 12-18 22:55
I agree, especially the part "Cut losses when wrong." I once held on stubbornly before, and I still feel scared when I think about it. The key really is a mindset issue.
#以太坊行情解读 Trading for 8 years, all the pitfalls I've encountered are now laid out
Starting from zero to accumulating tens of millions, honestly, it's a process of constantly making mistakes and correcting them. Someone asked me what my biggest gain was, and I think it's these ten lessons, each learned through blood lessons.
If you've been trading cryptocurrencies for over a year and haven't broken through a million, I suggest you calm down and take a careful look. Not that reading this will definitely make you money, but at least it can help you avoid some pitfalls. If you still can't make money after that, feel free to discuss anytime.
**Principal no more than 200,000? Don't expect big gains all year round**
Small funds should avoid full positions and frequent trading. Instead of chasing monthly profits, it's better to conserve energy and wait for that main upward wave. This time of eating well often comes faster than trying all year round. Mainly, your mindset will be much better, and you won't need to watch the market constantly.
**Before entering with real money, first use a demo account to smooth out your temper**
The advantage of a demo account is that you can fail infinitely many times. But in real trading, one big mistake can cause someone to give up. So, awareness must come first, and mindset must be in place first. Funds are always the last thing to catch up.
**After a major positive announcement, a high open the next day? That's a good opportunity to sell**
This is an old rule. When good news hits the market, it often starts to reverse. Greedily chasing the last piece of meat will likely lead to losses. True skill is knowing when to realize profits.
**Before major holidays, start reducing positions a week in advance**
Historical data shows that selling pressure before holidays is common. Instead of holding on stubbornly, it's better to be out of the market or lightly positioned during the holiday. This way, you can avoid many unexpected crashes and reduce psychological stress.
**The way to operate medium to long-term is to keep your positions moving**
Always keep some cash on hand. When the market rises, sell in batches; when it falls, buy back. This way, your positions are always rotating, and your account can last longer. Never hold on rigidly and blindly.
**What to look at in short-term trading? Volume and candlestick patterns tell all**
Choose coins with large fluctuations and active trading volume for short-term trading. Coins that don't move or have no trading activity are a waste of time. Volume is real, and charts speak for themselves.
**The speed of decline can predict the strength of the rebound**
A slow decline will lead to a gentle rebound, while a rapid crash often results in a powerful rebound. Rhythm is very important. Don't frequently bottom out during a slow decline, as that will only deepen your losses.
**Cut losses when wrong; don't let one mistake become a fatal injury**
Never hold on to a single loss stubbornly. Quick stop-loss is a way to protect your principal. Protecting your capital is the only way to stay in the game. Many people die because they keep saying, "I'll wait a bit longer, and I'll get back to break-even."
**15-minute candlestick + KDJ indicator, clear buy and sell signals at a glance**
Short-term trading doesn't need to be complicated. Focus on key levels in small timeframes, combined with KDJ, and buy/sell signals will be very clear. No need to look at ten indicators at once.
**Master two or three methods; don't try to learn all indicators**
There are thousands of trading techniques, but greed for too many will make it hard to master. Practice one or two strategies until they are second nature; the actual results are often better than knowing everything but mastering nothing.
Coins to keep an eye on: $BEAT $ZEC