These past few years in the crypto world have taught me one thing: luck is ultimately unreliable.
I remember those times, staying up every night watching the candlestick charts, trembling fingers placing orders, thinking I could see through the market. And what was the result? My account shrank day by day, and my mindset collapsed along with it. Only later did I realize that what I lacked wasn't prediction ability, but the skill to survive.
Now, everything is completely different. I’ve given up the approach based on feelings and luck, and shifted to a method that looks simple but is extremely effective. In short—living with discipline.
**First is the risk bottom line, non-negotiable.**
I strictly limit each trade to within 2% of the principal, which means even if I hit a string of losses, I won’t be wiped out. At the same time, I keep the overall position around 20%, with the rest always maintaining a defensive stance. It sounds conservative, but it’s this "conservatism" that allows me to survive the bear market more comfortably than others.
As for adding positions, I’ve completely quit. Many people see averaging down as a clever way to lower costs, but I see it as a trap that amplifies risk. It’s like drinking poison to quench thirst—instant gratification that’s not worth it. As for leverage, to me, it’s like a drug. Avoid it if you can; if you indulge, you’re only destroying yourself.
**Second, less is more.**
Now I only make 1-2 trades a day, each carefully thought out. People who trade frequently often fall into a vicious cycle—fees eat into profits, emotions influence decisions, and finally, the opportunity to make money gets drowned in the frequency of operations.
Before opening a position, I must write the entire "script." Where is the stop-loss? Where is the take-profit? These are all predetermined, then handed over to the system to execute. No relying on gut feelings or illusions like "maybe it will go up if I wait a bit." It’s all about rules.
**Then there are those seemingly small but life-and-death pitfalls.**
Floating profits—I've been trapped by this many times before I realized—it’s not really money. Only the funds stored in a cold wallet truly deserve the name "profit." Until then, everything is just hanging in the air.
Chasing against the trend is an even deeper hole. I’ve seen too many people turn small losses into big ones because of this habit, ending up liquidating their positions. Sometimes the market just fights against you; the more you hold, the more it hurts.
As for "I feel it can still go up"—this might be the most expensive illusion in the market. It sounds like intuition, but it’s actually emotion. This illusion causes many to miss their take-profit points, turning profits into losses.
**My transformation is from walking a dead end to finding a new way to live.**
The first path is heavy positions, stubborn holding, frequent trading, and finally liquidation. I’ve been down that road and paid the price.
The second path is light positions, strict stop-losses, high certainty operations. It may seem slow on the surface, but based on tight control of drawdowns, it can actually steadily compound wealth.
This market has never truly rewarded who is the smartest or who can predict the most accurately. It rewards disciplined traders—those who can endure, execute, and are not driven by emotions.
Simple methods may seem to lack technical complexity. But once you truly implement them, you’ll realize—this is the most powerful weapon.
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ThreeHornBlasts
· 01-21 19:50
That's so true. How are those guys who constantly operate every day doing now? Did they get liquidated?
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GateUser-44a00d6c
· 01-21 00:53
You're so right. I am the fool who used to tremble and place orders, and now I understand that living is more important than making money.
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0xSunnyDay
· 01-18 21:47
Living by discipline, I agree with that. I used to be a panic seller before, but now with the 2% stop-loss rule, I haven't suffered a big loss.
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DAOdreamer
· 01-18 21:45
That's so true. I used to watch the market every day too, to the point where my fingers trembled, and in the end, my account was wiped out. Now I stick to a 2% stop-loss and maintain discipline. Although the gains are slow, at least I am still alive.
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Leverage is just poison. Anyone who has tried it knows that feeling—going from being slightly wealthy to becoming a pauper.
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The phrase "Floating profit is not real money" hit me hard. How many times have I watched my profits vanish right before my eyes? Later, I learned to take profits in time.
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The feeling that it can still go up is truly the most expensive four words in the crypto world. So many people fall into the illusion of making money only to get liquidated.
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Less is more. I have personal experience with this. Daily frantic trading often can't compare to someone who only trades two or three times a week; the fees are too much to bear.
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Luck is indeed unreliable. What you can trust is that set of discipline. It sounds boring, but it’s the only way to survive until the power of compound interest kicks in.
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Adding to a position to lower the average cost? That’s just digging your own grave. The more you add, the more you lose. Now, whenever I see a dip, I think of this lesson.
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Your experience is very familiar to me. From emotional breakdowns to now being able to calmly cut losses, it feels like I’ve become a different person.
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LuckyBearDrawer
· 01-18 21:24
Honestly, when I saw the phrase "Unrealized gains are not money," I was really affected. Now I finally understand the blood and sweat money I lost before.
Discipline is easy to talk about but hard to do, but it's definitely much more reliable than staring at the market every day.
View OriginalReply0
WagmiAnon
· 01-18 21:24
Well said. Much more sensible than those who shout "get rich overnight" every day.
These past few years in the crypto world have taught me one thing: luck is ultimately unreliable.
I remember those times, staying up every night watching the candlestick charts, trembling fingers placing orders, thinking I could see through the market. And what was the result? My account shrank day by day, and my mindset collapsed along with it. Only later did I realize that what I lacked wasn't prediction ability, but the skill to survive.
Now, everything is completely different. I’ve given up the approach based on feelings and luck, and shifted to a method that looks simple but is extremely effective. In short—living with discipline.
**First is the risk bottom line, non-negotiable.**
I strictly limit each trade to within 2% of the principal, which means even if I hit a string of losses, I won’t be wiped out. At the same time, I keep the overall position around 20%, with the rest always maintaining a defensive stance. It sounds conservative, but it’s this "conservatism" that allows me to survive the bear market more comfortably than others.
As for adding positions, I’ve completely quit. Many people see averaging down as a clever way to lower costs, but I see it as a trap that amplifies risk. It’s like drinking poison to quench thirst—instant gratification that’s not worth it. As for leverage, to me, it’s like a drug. Avoid it if you can; if you indulge, you’re only destroying yourself.
**Second, less is more.**
Now I only make 1-2 trades a day, each carefully thought out. People who trade frequently often fall into a vicious cycle—fees eat into profits, emotions influence decisions, and finally, the opportunity to make money gets drowned in the frequency of operations.
Before opening a position, I must write the entire "script." Where is the stop-loss? Where is the take-profit? These are all predetermined, then handed over to the system to execute. No relying on gut feelings or illusions like "maybe it will go up if I wait a bit." It’s all about rules.
**Then there are those seemingly small but life-and-death pitfalls.**
Floating profits—I've been trapped by this many times before I realized—it’s not really money. Only the funds stored in a cold wallet truly deserve the name "profit." Until then, everything is just hanging in the air.
Chasing against the trend is an even deeper hole. I’ve seen too many people turn small losses into big ones because of this habit, ending up liquidating their positions. Sometimes the market just fights against you; the more you hold, the more it hurts.
As for "I feel it can still go up"—this might be the most expensive illusion in the market. It sounds like intuition, but it’s actually emotion. This illusion causes many to miss their take-profit points, turning profits into losses.
**My transformation is from walking a dead end to finding a new way to live.**
The first path is heavy positions, stubborn holding, frequent trading, and finally liquidation. I’ve been down that road and paid the price.
The second path is light positions, strict stop-losses, high certainty operations. It may seem slow on the surface, but based on tight control of drawdowns, it can actually steadily compound wealth.
This market has never truly rewarded who is the smartest or who can predict the most accurately. It rewards disciplined traders—those who can endure, execute, and are not driven by emotions.
Simple methods may seem to lack technical complexity. But once you truly implement them, you’ll realize—this is the most powerful weapon.