How can people who frequently trade cryptocurrencies return to a normal life?
I'm actually not someone with any special status; just an ordinary trader who has repeatedly taken hits in the market and seen big waves. Honestly, these gains might be insignificant in the eyes of true big players, but based on my experience, there are some things worth sharing.
Last year, a friend came to me with $2,400, wanting to recover previous losses. I didn't bombard him with complicated technical indicator theories; I simply shared the three core rules I've developed from my market experiences.
He followed this approach for three months, and his account grew to $63,000, without experiencing a single margin call. How deeply you understand these "life-saving rules" depends on how much reverence you have for the market.
**First Dimension: The Three-Stage Capital Method**
Divide your principal into three parts, each $800, operating independently.
The first part is for short-term trades—at most two positions per day. After executing, close the app and avoid constantly watching the charts. The second part waits for a major trend to emerge—only enter when the weekly chart shows a bullish pattern and breaks through key levels with increased volume; otherwise, stay out of the market. The third part is an insurance fund, used to add positions when there's a risk of a sudden spike or margin call, ensuring you don't lose all your capital.
**Second Dimension: Only Take a Bite of the Trend**
Identify three entry signals. First, if the daily moving averages do not form a bullish pattern, do not enter. Second, only try small positions when the market volume breaks previous highs and the daily close is stable. Third, once profits reach 30% of your principal, immediately take half of the profits; for the remaining part, set a 10% trailing stop to lock in gains.
**Third Dimension: Lock Your Emotions**
Before entering a trade, write a complete trading plan in advance. Set a strict stop-loss at 3%. When that level is hit, close the position automatically—no exceptions. Once profits reach 10%, immediately move the stop-loss to the cost basis. Also, develop a good habit—force yourself to turn off your computer at midnight every day. If you can't sleep, just uninstall the trading app. The goal is to prevent emotions from leading you to make wrong decisions.
Market opportunities are available every day, but once your capital is gone, there's truly no chance to turn things around. Master these three ironclad rules first, then study wave theory and various indicators; the results will be completely different.
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LiquidationOracle
· 17h ago
To be honest, I've heard many versions of this logic, but very few people can truly implement it. The key is still that one sentence—respect the market.
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TommyTeacher1
· 01-12 10:40
Honestly, these three rules are the key to turning gamblers into traders, especially the one about forcing shutdown at midnight—it's really brilliant.
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fren_with_benefits
· 01-11 07:57
To be honest, these three rules sound simple, but only one or two out of ten people can really follow them... The key is discipline, which is what our circle lacks the most.
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AirdropBlackHole
· 01-11 07:56
Exactly right, but the key issue is that most people simply can't turn off their computers in the middle of the night, myself included...
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RektHunter
· 01-11 07:51
Basically, you have to quit the addiction to watching the charts, really.
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ForkInTheRoad
· 01-11 07:45
Honestly, I've tried all three, but execution is really difficult... Every time I say I'll turn off the computer at 12, but then I see the market and get itchy again.
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LayerZeroEnjoyer
· 01-11 07:35
That's right. In fact, getting addicted to trading cryptocurrencies is because you can't control your own hands. These three lessons are indeed essential for survival. Right now, I am forcing myself to uninstall the app at midnight, otherwise I would keep watching the market and making stupid decisions repeatedly.
How can people who frequently trade cryptocurrencies return to a normal life?
I'm actually not someone with any special status; just an ordinary trader who has repeatedly taken hits in the market and seen big waves. Honestly, these gains might be insignificant in the eyes of true big players, but based on my experience, there are some things worth sharing.
Last year, a friend came to me with $2,400, wanting to recover previous losses. I didn't bombard him with complicated technical indicator theories; I simply shared the three core rules I've developed from my market experiences.
He followed this approach for three months, and his account grew to $63,000, without experiencing a single margin call. How deeply you understand these "life-saving rules" depends on how much reverence you have for the market.
**First Dimension: The Three-Stage Capital Method**
Divide your principal into three parts, each $800, operating independently.
The first part is for short-term trades—at most two positions per day. After executing, close the app and avoid constantly watching the charts. The second part waits for a major trend to emerge—only enter when the weekly chart shows a bullish pattern and breaks through key levels with increased volume; otherwise, stay out of the market. The third part is an insurance fund, used to add positions when there's a risk of a sudden spike or margin call, ensuring you don't lose all your capital.
**Second Dimension: Only Take a Bite of the Trend**
Identify three entry signals. First, if the daily moving averages do not form a bullish pattern, do not enter. Second, only try small positions when the market volume breaks previous highs and the daily close is stable. Third, once profits reach 30% of your principal, immediately take half of the profits; for the remaining part, set a 10% trailing stop to lock in gains.
**Third Dimension: Lock Your Emotions**
Before entering a trade, write a complete trading plan in advance. Set a strict stop-loss at 3%. When that level is hit, close the position automatically—no exceptions. Once profits reach 10%, immediately move the stop-loss to the cost basis. Also, develop a good habit—force yourself to turn off your computer at midnight every day. If you can't sleep, just uninstall the trading app. The goal is to prevent emotions from leading you to make wrong decisions.
Market opportunities are available every day, but once your capital is gone, there's truly no chance to turn things around. Master these three ironclad rules first, then study wave theory and various indicators; the results will be completely different.