Once upon a time, I suffered a heavy blow in the Crypto Assets market, losing up to 800,000. During that period, I was tormented inside, pretending to be calm during the day but emotionally breaking down at night. My social circle gradually became quiet, and my frens couldn't understand my situation; I felt isolated and helpless, lost in confusion.



In the darkest moments, I once had the thought of giving up, feeling that I was out of place in the coin circle. However, a phrase struck me like a wake-up call: 'Losses are just the beginning, messing around is the end.' This sentence awakened my dormant fighting spirit.

I decided to use the remaining 2000U as my starting capital, not to go all in, but to completely reshape my trading philosophy. Through meticulous review and summary, I finally realized: losses are not due to luck, but because I did not trade correctly at all.

Looking back, I made many typical mistakes: not setting stop losses, over-leveraging, chasing highs and cutting losses, frequently changing coins, and completely relying on emotions. Essentially, I was not executing a strategy, but blindly guessing the market direction.

After learning from my lessons, I will focus on two core elements: maintaining a stable trading rhythm and strictly executing established strategies.

Most traders tend to chase trends, as trends imply the continuation of the market and opportunities for sustained profits. However, in reality, consolidation is the norm in the market. A trend is essentially a continuous rise or fall in prices, and once this movement stops, the trend is likely to come to an end. In contrast, consolidation is much more complex:

1. It may be due to insufficient trading volume.
2. It may have encountered a price resistance level.
3. The market may be accumulating strength.
4. May occur at market tops or bottoms.
5. May appear in the mid-term of the market.
6. False breakouts may occur, inducing both bulls and bears to enter.

More importantly, the end of consolidation often signals the beginning of a new trend. Therefore, accurately identifying the consolidation period and seizing opportunities at the start of the trend has become the core of my trading strategy.

Through this method, I gradually recovered from losses and ultimately achieved significant success in the Crypto Assets market, with my account assets now exceeding 40 million. This experience made me deeply realize that success in the coin circle requires not only courage and perseverance but also continuous learning and self-improvement.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
ForkYouPayMevip
· 08-11 07:52
Tsk, play people for suckers in the crypto world.
View OriginalReply0
CommunityWorkervip
· 08-11 07:49
Have you ever been liquidated and still dare to say you understand the crypto world?
View OriginalReply0
TopEscapeArtistvip
· 08-11 07:47
Without a stop loss, daring to rush in should have been educated by the market long ago.
View OriginalReply0
StakeHouseDirectorvip
· 08-11 07:35
Suckers who blindly engage in copy trading should have been played for suckers long ago.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)