The logic of making money in the crypto world is actually very simple—it's whether people can control themselves. Greed during rebounds, thinking about getting out of trouble, holding on after losses—these three behaviors can basically send your account to the ICU. The market's biggest fear is never that you're inexperienced, but that you know you're wrong and still refuse to admit it.
When I first entered the industry, I was like this fossil—staying up all night watching charts, chasing highs and selling lows, losing so much I couldn't sleep. It wasn't until later that I realized the problem wasn't in the technology, but in the timing and mindset of my trades.
So I developed a set of "Foolproof Rules" for myself. They may sound simple and lacking technical complexity, but they really help you survive.
**Timing is crucial:** Consider trading only after 9 PM. By this time, most news has been digested, the trend has stabilized, and the candlesticks look especially clean.
**Indicators must be complete:** MACD, RSI, Bollinger Bands—at least two of these in the same direction before I place an order. If I don't have enough, I wait—there's always another opportunity every day.
**Stop-loss is life-saving:** If I can monitor the market all the time, I follow the trend and raise my stop-loss accordingly; but if I need to go out, I set a hard stop-loss at 3%. Don't haggle over the price—saving your life comes first.
**Cycle usage:** For short-term trades, I watch the 1-hour chart. After two consecutive bullish candles, I consider going long; if the market is oscillating, I switch to the 4-hour chart to find support levels.
**Choose your coins wisely:** I rarely touch altcoins—they're full of traps, and losses can be endless.
The last sentence hits hard—one greed can ruin a trade, but having a stop-loss keeps you alive. Instead of trying to bottom-fish or top-tick every move, it's better to lose less and live longer. If you're still trading based on feelings and random guesses, stop and ask yourself: are you really trading, or just throwing a tantrum?
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GhostInTheChain
· 15h ago
I'll operate on this at 9 PM. I need to note it down; it used to be that kind of fossil that would go crazy and place random orders in the middle of the night when my mind was foggy.
The logic of making money in the crypto world is actually very simple—it's whether people can control themselves. Greed during rebounds, thinking about getting out of trouble, holding on after losses—these three behaviors can basically send your account to the ICU. The market's biggest fear is never that you're inexperienced, but that you know you're wrong and still refuse to admit it.
When I first entered the industry, I was like this fossil—staying up all night watching charts, chasing highs and selling lows, losing so much I couldn't sleep. It wasn't until later that I realized the problem wasn't in the technology, but in the timing and mindset of my trades.
So I developed a set of "Foolproof Rules" for myself. They may sound simple and lacking technical complexity, but they really help you survive.
**Timing is crucial:** Consider trading only after 9 PM. By this time, most news has been digested, the trend has stabilized, and the candlesticks look especially clean.
**Indicators must be complete:** MACD, RSI, Bollinger Bands—at least two of these in the same direction before I place an order. If I don't have enough, I wait—there's always another opportunity every day.
**Stop-loss is life-saving:** If I can monitor the market all the time, I follow the trend and raise my stop-loss accordingly; but if I need to go out, I set a hard stop-loss at 3%. Don't haggle over the price—saving your life comes first.
**Cycle usage:** For short-term trades, I watch the 1-hour chart. After two consecutive bullish candles, I consider going long; if the market is oscillating, I switch to the 4-hour chart to find support levels.
**Choose your coins wisely:** I rarely touch altcoins—they're full of traps, and losses can be endless.
The last sentence hits hard—one greed can ruin a trade, but having a stop-loss keeps you alive. Instead of trying to bottom-fish or top-tick every move, it's better to lose less and live longer. If you're still trading based on feelings and random guesses, stop and ask yourself: are you really trading, or just throwing a tantrum?