Money in the crypto world doesn't appear out of nowhere; ultimately, it flows from those traders without a plan to those who are truly patient.
I have a particularly deep impression of the time when ZEC hovered sideways at a key support level for a full seven days, neither falling below nor breaking through the resistance above. I watched the chart slowly realize that this might be a sign of an impending breakout. The moment it surged with volume and broke through the resistance, I entered the market directly and ultimately gained a profit of 12,500U.
There are many similar opportunities. When BEAT surged higher, it moved like a drunkard with a long upper shadow. I immediately reversed my position and shorted, earning 56,000U. PIPPIN suddenly broke out with increased volume after a period of consolidation on the larger cycle. I followed up and made another 23,000U.
These gains are not luck; they are executed according to a plan, trade by trade. Today, I want to talk about not shortcuts or secrets, but the discipline that has helped me survive—and even thrive—in this highly volatile market.
**Most of the time, wait; only act at key moments**
Many people treat the crypto market like a casino, afraid to miss any opportunity, watching the charts 24/7. The result? They’re like hunters shooting wildly in the forest—running out of bullets, and scaring away the prey.
My old friend Wang is just like that. He can’t go a day without trading; as soon as the market moves slightly, he rushes to place an order. Over a year, his trading record is as thick as a dictionary, and he ended up losing over 200,000U. That’s typical beginner thinking.
Professional traders are the opposite: 90% of the time they wait, 10% of the time they strike decisively. Warren Buffett’s words are very apt—“We wait for the good pitch, rather than swinging at every pitch.”
**Simple tools, surprisingly effective**
My trading toolbox is actually quite simple, without a bunch of complicated indicators. Just a few basic support and resistance levels, volume comparisons, plus an understanding of market cycles. Simplicity at its best, making it easier to execute.
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TopEscapeArtist
· 10h ago
That's a good point, but I always can't wait. As soon as I see the MACD golden cross, I get itchy and end up chasing highs and getting trapped...
I've heard this theory countless times and have tried to follow the plan, but whenever it comes to critical points, I tend to operate emotionally, and in the end, technical analysis becomes useless.
I also saw that wave in ZEC; the support and resistance are indeed obvious, but I bought the bottom at the historical high, and now that position is my nightmare.
That one-hit kill sounds satisfying, but how many can actually do it? Most of the time, it's just waiting, and then when you get excited, you lose everything again.
The most difficult time to resist is when a bearish signal appears, especially when you're already floating in loss...
In my opinion, setting stop-loss levels isn't that easy; the psychological barrier is the biggest problem.
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Rugman_Walking
· 10h ago
Basically, it's just waiting, not messing around randomly.
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TaxEvader
· 10h ago
It's easy to say but hard to do, and there are very few who can truly afford to be idle.
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Old Wang and others like him are also around me; they trade every day until their fingers are almost broken, but in the end, they still lose everything.
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Waiting is really the hardest lesson; it's more painful than making a move.
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There's nothing wrong with what you said, but the problem is that most people can't wait and can't get past the psychological barrier.
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A single order of 12500U? How much patience does this kind of trade require? I would have quit long ago.
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It seems that every person making money talks about discipline, but how many actually follow through?
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I've heard the phrase "from complexity to simplicity" too many times, but the key is still having a good sense of the market.
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NonFungibleDegen
· 10h ago
ngl this hits different when you're down bad from aping into shitcoins at ath... dude really just said patience > gambling and suddenly i feel personally attacked
Reply0
NFTDreamer
· 10h ago
That's right, most people are just anxious, and as a result, they end up losing money out of panic, haha.
Waiting for a good opportunity is better than anything else. Those who trade every day are really just giving money away to others.
View OriginalReply0
FantasyGuardian
· 10h ago
That's right, Old Wang is a bad example. Trading every day, and in the end, he still ends up losing everything.
Money in the crypto world doesn't appear out of nowhere; ultimately, it flows from those traders without a plan to those who are truly patient.
I have a particularly deep impression of the time when ZEC hovered sideways at a key support level for a full seven days, neither falling below nor breaking through the resistance above. I watched the chart slowly realize that this might be a sign of an impending breakout. The moment it surged with volume and broke through the resistance, I entered the market directly and ultimately gained a profit of 12,500U.
There are many similar opportunities. When BEAT surged higher, it moved like a drunkard with a long upper shadow. I immediately reversed my position and shorted, earning 56,000U. PIPPIN suddenly broke out with increased volume after a period of consolidation on the larger cycle. I followed up and made another 23,000U.
These gains are not luck; they are executed according to a plan, trade by trade. Today, I want to talk about not shortcuts or secrets, but the discipline that has helped me survive—and even thrive—in this highly volatile market.
**Most of the time, wait; only act at key moments**
Many people treat the crypto market like a casino, afraid to miss any opportunity, watching the charts 24/7. The result? They’re like hunters shooting wildly in the forest—running out of bullets, and scaring away the prey.
My old friend Wang is just like that. He can’t go a day without trading; as soon as the market moves slightly, he rushes to place an order. Over a year, his trading record is as thick as a dictionary, and he ended up losing over 200,000U. That’s typical beginner thinking.
Professional traders are the opposite: 90% of the time they wait, 10% of the time they strike decisively. Warren Buffett’s words are very apt—“We wait for the good pitch, rather than swinging at every pitch.”
**Simple tools, surprisingly effective**
My trading toolbox is actually quite simple, without a bunch of complicated indicators. Just a few basic support and resistance levels, volume comparisons, plus an understanding of market cycles. Simplicity at its best, making it easier to execute.