My Trading Insights Trading is a game of waiting. As soon as the price rises, I get excited; when I get excited, I start fantasizing; when I fantasize, I chase the high; when I chase the high, I get trapped; when I get trapped, I blame the market makers; when I blame them, I get trapped even deeper; when I'm deeply trapped, I despair; when I despair, I cut my losses; after cutting my losses, the price rebounds; when it rebounds, I miss out; when I miss out, I blame the market makers; when I blame them, the price starts to rise; when it starts to rise, I stay on the sidelines; when I'm on the sidelines, the price soars; when it soars, I chase after it; and as soon as I chase, I get trapped again. I hope to maintain a calm mind and avoid wasting effort, because all gains are achieved by waiting, not by chasing! Set a rule and stick to it firmly. Unity of knowledge and action leads to greatness. Profiting from trading crypto comes from a few big wins accumulated over time. Reduce the number of trades and only make the most effective ones. Within a certain period, there are only a few major trading opportunities; if you seize a few of them, you can go days without trading and still make enough for months in a single trade. Control your number of trades and absolutely avoid frequent trading. Rules are meant to be followed, not just read. If you set a rule to trade no more than twice a week, stick to it firmly—regardless of profit or loss, do not add any extra trades. Over time, this will establish discipline and show results. Without rules, nothing can be accomplished; without rules, you can't make money.
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My Trading Insights
Trading is a game of waiting.
As soon as the price rises, I get excited; when I get excited, I start fantasizing; when I fantasize, I chase the high; when I chase the high, I get trapped; when I get trapped, I blame the market makers; when I blame them, I get trapped even deeper; when I'm deeply trapped, I despair; when I despair, I cut my losses; after cutting my losses, the price rebounds; when it rebounds, I miss out; when I miss out, I blame the market makers; when I blame them, the price starts to rise; when it starts to rise, I stay on the sidelines; when I'm on the sidelines, the price soars; when it soars, I chase after it; and as soon as I chase, I get trapped again.
I hope to maintain a calm mind and avoid wasting effort, because all gains are achieved by waiting, not by chasing!
Set a rule and stick to it firmly.
Unity of knowledge and action leads to greatness.
Profiting from trading crypto comes from a few big wins accumulated over time.
Reduce the number of trades and only make the most effective ones.
Within a certain period, there are only a few major trading opportunities; if you seize a few of them, you can go days without trading and still make enough for months in a single trade.
Control your number of trades and absolutely avoid frequent trading.
Rules are meant to be followed, not just read.
If you set a rule to trade no more than twice a week, stick to it firmly—regardless of profit or loss, do not add any extra trades. Over time, this will establish discipline and show results.
Without rules, nothing can be accomplished; without rules, you can't make money.