2025-12-24 09:31:29

Trading in the crypto market, my biggest regret isn't losing money, but the years I wasted. I used to stay glued to the screen every night, nervously watching the K-line, with a single night’s pullback wiping out 1/3 of my assets. Back then, my mindset was shattered, and I finally understood a truth — this isn't a game of chance like a casino, but a business that requires real skill and effort.

**Don't fight yourself, let go of the gambler's mentality**

At first, I also dreamed of hitting it big. Going all-in and multiplying my money a hundredfold, but the result was the fastest way to burn through my funds. Then I had a change of mind. Now I treat it as a second job — fixed hours for watching the market, closing the trading app at a set time, never staying up late chasing moves, not being driven by sudden news, and avoiding following the crowd blindly. Ironically, this approach has made my trading more stable.

**Three seemingly clumsy but effective routines**

First, don't be a "daily active player" in the market. Everyone fears missing out on a move, but those who actually make money are often the ones who lay in wait and wait for the right moment. My approach is to wait until the big trend is fully formed before entering — not chasing the top or bottom, but focusing on the middle segment. Take this year's early rally as an example: I built positions at key support levels in batches, took profits in stages as it rose, and that move yielded half a year's worth of gains.

Second, set rules for yourself. Don’t do everything. My current checklist is like this: only trade trends I can understand clearly, such as pullback opportunities after a trend has formed; limit myself to two trades per day, more than that and I force myself to stop; only take risks where profits are at least twice the potential loss; if daily drawdown exceeds 10%, I stop trading and rest. It sounds old-fashioned, but repeating what I’m good at and making money from what I understand is enough.

Third, capital management is fundamental. Instead of chasing high returns per trade, focus on long-term asset allocation. I’m still exploring this, but the principle is clear: never invest all your assets, always leave yourself a backup.

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MevShadowranger

· 18h ago

That's true, but I think most people just can't do it at all, they're just lacking common sense.

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SchrodingersFOMO

· 12-24 12:06

Listening to this, it really hits close to home. Over the past few years, I've been watching the market every day until my eyes are sore, but I haven't earned more than I've lost. The rules are spot on. I've now set a stop-loss line for myself—once it's broken, I run, to avoid sinking deeper. However, I'm still a bit skeptical about the "waiting for the wind" approach. When the real opportunity comes, would you dare to go all in?

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SpeakWithHatOn

· 12-24 10:01

You're so right, holding the market can really drive people crazy. I used to be like that... but now I've long let it go. --- The gambler's mentality is the most toxic. Luckily, I woke up early, or I would really be hopeless. --- The saying about eating fish fillet is brilliant, much smarter than those who chase daily limit-ups every day. --- Rules may seem rigid, but they are lifesavers when used properly. I truly understand that. --- Lying flat at 10%? I need to learn this self-discipline; it's so necessary. --- Stopping after two trades a day? That takes a lot of resolve. Impressive. --- Fund management is the real key, but unfortunately, many realize this too late. --- Haha, I used to watch the market until midnight every night. Thinking back, it’s terrifying. --- Confirm the trend before entering. That’s the real way to survive. --- The key is having profits twice as large as losses. Most people do the opposite.

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PhantomMiner

· 12-24 09:57

Honestly, when I saw the phrase "wasted those years," it really hit me. I used to stare at the screen every day back then. Thinking about it now, it’s terrifying. At that time, I truly had a gambler’s mentality. However, I have to say that the logic in this article sounds reasonable, but actually implementing it is too difficult, especially the part about "lying flat if the daily drawdown exceeds 10%"—that’s easier said than done. The three points summarized by this brother seem to be learned through hard experience, especially the one about "only doing what you understand the trend." I am now slowly exploring this path as well, and I feel like I’m starting to gain some insight. Honestly, it’s simple: don’t fight the market, and don’t fight yourself. The years of losses taught me more than making money ever did.

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ReverseFOMOguy

· 12-24 09:44

Sounds good, but to be honest, most people know these principles but it's a different story to actually practice them. The harshest is the "10% just give up," and not many can stick to this.

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QuorumVoter

· 12-24 09:37

Sounds good, but what I fear the most is that I can't follow through... I always agree on the rules, but as soon as there's a market movement, I get itchy again.

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SandwichTrader

· 12-24 09:35

The years spent staring at the screen were truly a waste of life. Only now do I realize that making money isn't that urgent. --- Exactly right. The most common mindset that leads to bankruptcy is the fear of missing out. Ironically, the most comfortable gains happen when you're idle. --- This set of rules sounds old-fashioned, but they are indeed the fundamentals for survival. Otherwise, you'd have been wiped out long ago. --- Money management is truly the lesson most people regret in the end. By the time you realize you've lost enough, it's already too late. --- I strongly agree with the saying "Don't chase the tail when eating fish." Greedy people always die at the tail end. --- A single-day drawdown exceeding 10% and I just go flat. That mindset is truly exceptional; most people can't do it. --- Staying up late chasing stocks is a bottomless pit. I should have quit this bad habit a long time ago.

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BlockchainFoodie

· 12-24 09:35

honestly this hits different... the discipline part? that's literally like perfecting a recipe—can't just yolo the ingredients and expect michelin vibes. the risk management angle here actually parallels what we need in on-chain governance tbh. too many people treating crypto like a slot machine when it needs the structured precision of a degustation menu. nailed it

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HodlOrRegret

· 12-24 09:32

Giving up once it drops below 10%, that mindset is indeed stronger than mine. I'm still holding on stubbornly, losing half a year's worth of gains in the process.

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