Trading cryptocurrencies for half a year, and your account shows no progress, even regressing? Instead of blaming yourself for not working hard enough, it’s better to first check if you’ve been heading in the wrong direction from the very beginning.
Many people think that making money in the cryptocurrency market requires diligence—placing numerous orders daily, constantly monitoring the charts, reacting quickly. In reality, the truth is completely opposite: successful traders in the crypto space focus on "few but high-quality" trades, not "busy and frantic" activity. The lessons learned from real money can help you skip three years of trial and error.
**When the principal is small, heavy positions are suicidal**
When your account is still small, the most tempting idea is to try to turn things around quickly with high-frequency trading. The reality is, improving your account with dozens of trades a day is almost impossible. True turning points often come during the main upward phase of a market cycle. Before that, maintaining discipline, controlling risk, and waiting for the right moment greatly increases safety—ten times safer than reckless trading.
**Losses on demo accounts are cheap tuition**
The worst mistake beginners make is trying to learn with real money right away. Instead, it’s better to explore thoroughly on a demo account—train your mindset, establish trading discipline, and adapt to market rhythm in advance. These seemingly costless failures are actually the cheapest educational investments, helping you avoid a fatal loss in real trading.
**The day news is announced is the most dangerous**
The moment positive news is released often signals the onset of risk. Pay attention to this phenomenon: if the market doesn’t rise on the day of a major announcement, even a gap-up the next day should be a signal to exit. Also, during holidays, market sentiment is chaotic and volatility unpredictable. Instead of gambling on luck, reduce your positions or go completely flat, and stay safe.
**Long-term and short-term trading must be separated**
Long-term holdings shouldn’t be held blindly; reserve flexible funds for rolling trades. This approach protects your principal and allows you to profit from swing price differences. For short-term trading, focus on active coins. Cold, illiquid assets with low trading volume aren’t worth the effort—they won’t make money and waste your energy.
**Judging stop-loss is more important than guessing a rebound**
Identify the downward trend clearly, then cut losses decisively—don’t hope "it will rebound if I wait." As long as your principal is still in your hands, there’s always a chance to turn things around. For short-term trading, monitor short-cycle charts with 1-2 commonly used indicators; a complex technical system often leads to confusion rather than clarity.
The cryptocurrency market fluctuates daily. Those who survive long-term are not necessarily the most technically skilled, but those with the strongest rule awareness and the most stable mindset. Protect your principal and stay true to your original intention, and you’ll be able to stand firm in the next cycle.
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.
16 Likes
Reward
16
4
Repost
Share
Comment
0/400
DegenTherapist
· 01-10 22:53
That's right, heavily investing in small accounts is indeed a dead end. I lost a lot half a year ago doing exactly that.
In the early stages, I really shouldn't have been greedy for quick gains. I should have practiced more on the demo account to avoid paying tuition with real money.
When good news comes out, escaping is the golden rule. How many people have fallen into this trap?
As long as the principal is intact, there's a chance to turn things around. Holding on stubbornly is actually a gambler's mentality.
View OriginalReply0
DYORMaster
· 01-10 22:51
That's right, losing money over half a year is mostly due to reckless and frequent trading... I used to be the same, watching the market like a fool every day, and as a result, my account was gradually drained. Now I understand that making money in the crypto world relies on patience, rules, and mindset; technical skills are actually secondary.
View OriginalReply0
rekt_but_resilient
· 01-10 22:49
You're right, I'm exactly the type of person who places dozens of orders a day and still sees my account bleeding out. Now I finally understand that I've been doing "suicide-style heavy leverage," sigh.
View OriginalReply0
CommunitySlacker
· 01-10 22:30
That's right, not making a profit for half a year and actually losing money definitely calls for reflection, but I think the most painful thing is still that phrase "heavy position is suicide," so many people are just like that.
---
Stop-loss is a thousand times harder than waiting for a rebound, really, the hardest part is the mindset.
---
Should I have sold immediately when there was no rise on the news? I need to remember this, I was trapped like that before.
---
I've played quite a few simulated trading accounts, but as soon as I switch to real trading, I start to perform poorly. Turns out, psychological preparation is still not enough.
---
Less but refined vs. busy and hectic, I feel like I am that kind of person who thinks he's diligent but ends up losing every day. Waking up a bit late.
---
I haven't separated long-term and short-term trading; I've been holding on stubbornly. Looks like I need to adjust my strategy.
---
Having too many technical indicators makes it easier to get trapped; 1-2 are enough, which is really painful. I used to have over a dozen.
Trading cryptocurrencies for half a year, and your account shows no progress, even regressing? Instead of blaming yourself for not working hard enough, it’s better to first check if you’ve been heading in the wrong direction from the very beginning.
Many people think that making money in the cryptocurrency market requires diligence—placing numerous orders daily, constantly monitoring the charts, reacting quickly. In reality, the truth is completely opposite: successful traders in the crypto space focus on "few but high-quality" trades, not "busy and frantic" activity. The lessons learned from real money can help you skip three years of trial and error.
**When the principal is small, heavy positions are suicidal**
When your account is still small, the most tempting idea is to try to turn things around quickly with high-frequency trading. The reality is, improving your account with dozens of trades a day is almost impossible. True turning points often come during the main upward phase of a market cycle. Before that, maintaining discipline, controlling risk, and waiting for the right moment greatly increases safety—ten times safer than reckless trading.
**Losses on demo accounts are cheap tuition**
The worst mistake beginners make is trying to learn with real money right away. Instead, it’s better to explore thoroughly on a demo account—train your mindset, establish trading discipline, and adapt to market rhythm in advance. These seemingly costless failures are actually the cheapest educational investments, helping you avoid a fatal loss in real trading.
**The day news is announced is the most dangerous**
The moment positive news is released often signals the onset of risk. Pay attention to this phenomenon: if the market doesn’t rise on the day of a major announcement, even a gap-up the next day should be a signal to exit. Also, during holidays, market sentiment is chaotic and volatility unpredictable. Instead of gambling on luck, reduce your positions or go completely flat, and stay safe.
**Long-term and short-term trading must be separated**
Long-term holdings shouldn’t be held blindly; reserve flexible funds for rolling trades. This approach protects your principal and allows you to profit from swing price differences. For short-term trading, focus on active coins. Cold, illiquid assets with low trading volume aren’t worth the effort—they won’t make money and waste your energy.
**Judging stop-loss is more important than guessing a rebound**
Identify the downward trend clearly, then cut losses decisively—don’t hope "it will rebound if I wait." As long as your principal is still in your hands, there’s always a chance to turn things around. For short-term trading, monitor short-cycle charts with 1-2 commonly used indicators; a complex technical system often leads to confusion rather than clarity.
The cryptocurrency market fluctuates daily. Those who survive long-term are not necessarily the most technically skilled, but those with the strongest rule awareness and the most stable mindset. Protect your principal and stay true to your original intention, and you’ll be able to stand firm in the next cycle.