I'd like to share some honest thoughts about trading with everyone.
Many people like to open positions following KOLs' entry points, and I've done this before too. Setting take-profit and stop-loss orders is normal in itself, but never hold losing positions. If the deviation from the entry point becomes too large, consider position adjustment rather than stubbornly holding on. (If you're not yet familiar with position adjustment, I recommend taking time to learn the basics—it can help you avoid many unnecessary losses.)
Most importantly, maintain respect for the market. Volume pullbacks are the market's normal state, not something you should react to blindly just because you see a certain trend when you enter the trading room. Sometimes learning knowledge from the market is actually more valuable than getting entry points directly.
To be honest, my entry points are constantly adjusted while monitoring the chart, entering in batches. The market cycles between ups and downs every day, and both long and short positions can be right. But why not change your thinking and profit from both directions? Earning $30-40 per trade, doing it twice can match the profit of one large position.
Position sizing matters—heavy positions have their own strategy, light positions have theirs. When adding to positions, never be random; there must be a method.
This last point is most critical: don't trade recklessly. Your principal is real money, not just numbers on the account. Losing money isn't scary; what's scary is taking unnecessary risks for some meaningless trades. Also, when there's small profit, take it and leave—don't hold on stubbornly, and never hold losing positions to the end.
I hope everyone in the crypto space finds their own path and steadily earns the returns that belong to them.
Holding positions is really deadly stuff, I've seen too many brothers die on this.
Really, following KOLs' positions is just suicide, might as well learn something yourself.
The idea of profiting from both long and short sides isn't bad, just requires patience, most people can't wait.
The key is still respecting the market, don't always think about going all-in.
This article is quite honest, just afraid some people won't listen and keep holding stubbornly.
Taking small profits and running, feels like it voiced the pain points of so many people.
Don't let account numbers cloud your judgment, all that is virtual, real losses are real losses.
Position management really does matter, moderate sizing is how you stay in the game long-term.
It sounds nice when said, but when you're actually trading it's a whole different story.
Scaling in gradually is definitely solid, way more reliable than gambler's mentality.
I'd like to share some honest thoughts about trading with everyone.
Many people like to open positions following KOLs' entry points, and I've done this before too. Setting take-profit and stop-loss orders is normal in itself, but never hold losing positions. If the deviation from the entry point becomes too large, consider position adjustment rather than stubbornly holding on. (If you're not yet familiar with position adjustment, I recommend taking time to learn the basics—it can help you avoid many unnecessary losses.)
Most importantly, maintain respect for the market. Volume pullbacks are the market's normal state, not something you should react to blindly just because you see a certain trend when you enter the trading room. Sometimes learning knowledge from the market is actually more valuable than getting entry points directly.
To be honest, my entry points are constantly adjusted while monitoring the chart, entering in batches. The market cycles between ups and downs every day, and both long and short positions can be right. But why not change your thinking and profit from both directions? Earning $30-40 per trade, doing it twice can match the profit of one large position.
Position sizing matters—heavy positions have their own strategy, light positions have theirs. When adding to positions, never be random; there must be a method.
This last point is most critical: don't trade recklessly. Your principal is real money, not just numbers on the account. Losing money isn't scary; what's scary is taking unnecessary risks for some meaningless trades. Also, when there's small profit, take it and leave—don't hold on stubbornly, and never hold losing positions to the end.
I hope everyone in the crypto space finds their own path and steadily earns the returns that belong to them.