In the crypto trading world, the myth of getting rich overnight and the tragedy of crashing down often happen within a thin line. Stories of turning 5,000 capital into a million in half a year? Most of the time, the account skyrockets by 500,000 the day before, only to vanish into thin air the next day. This is not a matter of luck; fundamentally, it’s a fatal flaw in trading logic.

Many blame their losses on poor skills or ineffective indicators, but the real reason boils down to two words: greed.

The secret to successful position trading isn’t about how frequently you trade, but about patiently waiting for those "truly worth it" market moments. Most contract losses stem from the same pattern: impatience during consolidation, rushing to add positions after small gains, and stubbornly holding through pullbacks. The result is increasingly passive trading.

Those who manage to turn things around with position trading share a common trait—extreme self-discipline. My approach is to withdraw the principal immediately after the first profitable trade, and use the remaining profits to chase subsequent market moves. This way, regardless of the outcome, the principal remains safe.

The more you earn, the more cautious you should be. When floating profits reach 50%, move the stop-loss to the cost price. If the price continues to rise, lock in at least 30% of the profit; absolutely do not let the profits slip away. This may seem conservative, but in reality, it’s risk management for long-term survival.

True position trading hinges on catching the moment when the trend explodes. Without a clear trend signal, I prefer to stay out of the market. No volatility means no need to take risks.

Many people in the crypto space make big money only to lose it all back. The final gap is often closed by those who can hold onto their profits tightly. So remember these three points: wait, take profits, and stop—only with these can you talk about doubling your money.