I want to share some honest thoughts about trading.
Many people like to follow KOLs' entry points to open positions, and I used to do that too. Setting take profit and stop loss is normal, but never hold onto a position blindly. If the deviation from the point is too large, it's better to consider adjusting your position rather than stubbornly holding on. (If you're not very familiar with position adjustment, I recommend taking some time to learn the basics, which can help you avoid many unnecessary losses.)
The most important thing is to maintain respect for the market. Volume-driven pullbacks are normal market behavior, and it's not wise to blindly open trades just because you see a trend when you enter the trading room. Sometimes, learning from the market can be more valuable than just getting the entry point.
Honestly, I adjust my positions while watching the charts, entering in batches. The market fluctuates daily between gains and losses, and both longs and shorts are valid. But why not change your mindset and achieve both long and short profits? Making $30-40 each time, two rounds can cover the profit of a big trade.
Position sizing matters—there's a strategy for heavy positions and a strategy for light positions. When adding to a position, do so carefully and methodically.
Finally, the most crucial point: don't operate recklessly. Your capital is real money, not just numbers on an account. Losing money isn't scary; what's scary is taking risks for unnecessary trades. Also, take profits when small profits are available—don't hold on stubbornly, and never hold a position to the end.
I hope everyone in the crypto space can find their own path and steadily earn their own profits.
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Deconstructionist
· 01-09 19:26
Holding positions is really a suicidal operation; I've seen too many people crash and burn this way.
You're absolutely right, taking small profits and running is the way to go, don't be greedy.
Gradually entering the market is indeed reliable, but you need to have patience and monitor the market closely, which most people can't do.
This wave is all about the truth, much more honest than those KOLs who boast about huge profits.
Adjusting your positions is a hundred times smarter than stubbornly holding on, but unfortunately most people can't realize this.
Listening to both bullish and bearish signals sounds simple, but very few actually do it; a strong mindset is required.
Position management really needs to open up the Ren and Du meridians; adding positions at will is just asking for death.
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PumpStrategist
· 01-09 18:56
That's a good point, but I took a look at your historical orders... The chip distribution shows that most people simply can't execute what you're talking about. It's a typical rookie mentality—knowing you should cut losses, but just can't let go.
$30-40 to and fro for a single big order? This probabilistic strategy sounds perfect at first glance, but what's the reality? Most people make small profits and then exit, while taking big losses to the end. Reverse operation.
The key point is still that—don't operate recklessly. But this is exactly the hardest part in the crypto world.
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SeeYouInFourYears
· 01-09 18:56
Taking on trades is really a trap. Even when stop-loss is set properly, I still insist on forcing it... I've been caught by this problem many times before. Now, I just strictly follow discipline; if I lose, I lose.
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LayoffMiner
· 01-09 18:52
Following KOLs really led to heavy losses before. Now, I split into small batches, taking both long and short positions, and my mindset feels much better.
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BlockchainArchaeologist
· 01-09 18:29
Taking on positions can really be life-threatening; I've seen too many brothers die because of it.
Really, blindly following KOLs' signals is pure suicide; it's better to learn some skills yourself.
The idea of both long and short positions eating profits is good, but it requires patience; most people can't wait.
The key is to respect the market and not always think about going all-in in one shot.
This article is quite honest, but I'm worried some people might not listen and keep stubbornly holding on.
Take small profits and run; I feel like this hits many people's pain points.
Don't be blinded by account numbers; those are virtual. Losses are the real losses.
Position management is indeed important; having the right balance is necessary to survive longer.
It sounds good in theory, but when it comes to actual trading, it's a different story.
Gradually entering the market is indeed more stable and more reliable than a gambler's mentality.
I want to share some honest thoughts about trading.
Many people like to follow KOLs' entry points to open positions, and I used to do that too. Setting take profit and stop loss is normal, but never hold onto a position blindly. If the deviation from the point is too large, it's better to consider adjusting your position rather than stubbornly holding on. (If you're not very familiar with position adjustment, I recommend taking some time to learn the basics, which can help you avoid many unnecessary losses.)
The most important thing is to maintain respect for the market. Volume-driven pullbacks are normal market behavior, and it's not wise to blindly open trades just because you see a trend when you enter the trading room. Sometimes, learning from the market can be more valuable than just getting the entry point.
Honestly, I adjust my positions while watching the charts, entering in batches. The market fluctuates daily between gains and losses, and both longs and shorts are valid. But why not change your mindset and achieve both long and short profits? Making $30-40 each time, two rounds can cover the profit of a big trade.
Position sizing matters—there's a strategy for heavy positions and a strategy for light positions. When adding to a position, do so carefully and methodically.
Finally, the most crucial point: don't operate recklessly. Your capital is real money, not just numbers on an account. Losing money isn't scary; what's scary is taking risks for unnecessary trades. Also, take profits when small profits are available—don't hold on stubbornly, and never hold a position to the end.
I hope everyone in the crypto space can find their own path and steadily earn their own profits.