Trading in the crypto circle, many people stumble because they lack a plan. Today, I’ve summarized a few practical rules learned through market ups and downs, hoping to help you avoid detours.
**About Averaging Down and Mindset**
Getting trapped and blindly adding to your position to recover losses is the most dangerous idea. Greed can impair judgment; instead of trying to make up for losses, stay rational and wait for real opportunities.
**About Market Rhythm**
The market often hides danger when it’s calm. Once a trend starts to rise, a big wave may follow, so it’s important to prepare in advance. After a big surge, a pullback often occurs, and a triangular pattern in the candlesticks signals an adjustment.
**About Entry and Exit Timing**
Daring to buy during a downtrend and selling during an uptrend requires courage. But more importantly, don’t blindly chase highs or panic sell during dips. During consolidation, it’s best to stay put and avoid unnecessary moves.
**About Technical Analysis**
Focus on support levels during an uptrend and resistance levels during a downtrend. These points are often key turning points. Going all-in on a single trade sounds exciting but carries huge risks. Being stubborn is a big taboo; markets change rapidly. Without stop-losses and flexible adjustments, you will eventually suffer losses.
**Last but not least — Mindset is Key**
Making money in the crypto world takes skill, but 90% depends on mindset. Greed and fear are the biggest enemies. Those who chase highs and sell lows often buy at high prices and sell at lows, repeatedly getting caught. Only with a calm mind can you see the situation clearly and steadily earn your rightful share.
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UncleWhale
· 20h ago
That's right, those who keep adding to their position after being trapped are just stubborn people.
Mindset really trips people up. I've seen too many technical experts crash directly because of greed.
The phrase "stay put during consolidation" hit home for me. In the early days, I lost money just by reckless trading.
Going all-in on one trade? Sounds great, but you'll regret it when you wake up.
Those who chase the highs and sell the lows, bragging in the group every day, are actually just high-level bagholders.
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BrokenDAO
· 20h ago
The nice way to put it is "strategy," and the harsh way is just grasping human flaws. The problem is that most people simply don't have this awareness.
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CryptoSurvivor
· 20h ago
Well said, but execution is too difficult. Damn, I always want to make up for losses after losing, but the deeper I go.
The most painful part is adding to the position; who doesn't want to break even?
Full position on a single coin? Just forget it. I've seen too many people do that and get liquidated directly.
It's really about mindset, but how to cultivate it? It's so hard.
When the market consolidates, I just stay still. I need to remember this; I keep messing around and losing the most.
The support and resistance levels are a bit shaky, but I really need to watch them.
Honestly, stop-loss is still the most important. Without it, everything else is just nonsense.
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GasBandit
· 20h ago
That's right, you need discipline; otherwise, you're really just giving money to the market makers.
At first, I also wanted to recover losses after being caught, but the more I added, the deeper I went. Only then did I realize it's a trap.
Going all-in on a trade is indeed exciting, but you really can't withstand a pullback.
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Layer2Arbitrageur
· 21h ago
honestly the "don't panic buy on red candles" thing is mathematically suboptimal if you're not tracking your basis points across timeframes... just saying
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MetaMasked
· 21h ago
You are quite right, but I feel that most people still top up their positions after reading, haha
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When it comes to mindset, it's really about knowing easily but doing hard, brother
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Where have all the full-position traders gone now?
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That part about topping up really hit me; I used to lose money just like that, alive and kicking
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Wait, can you really stay put? I, for one, can't sit still
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Ten parts skill, nine parts mindset, and what about the one part luck?
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Looks good, but next time the market comes, I'll still panic
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I've really stepped into all the pits, just can't remember the lessons
Trading in the crypto circle, many people stumble because they lack a plan. Today, I’ve summarized a few practical rules learned through market ups and downs, hoping to help you avoid detours.
**About Averaging Down and Mindset**
Getting trapped and blindly adding to your position to recover losses is the most dangerous idea. Greed can impair judgment; instead of trying to make up for losses, stay rational and wait for real opportunities.
**About Market Rhythm**
The market often hides danger when it’s calm. Once a trend starts to rise, a big wave may follow, so it’s important to prepare in advance. After a big surge, a pullback often occurs, and a triangular pattern in the candlesticks signals an adjustment.
**About Entry and Exit Timing**
Daring to buy during a downtrend and selling during an uptrend requires courage. But more importantly, don’t blindly chase highs or panic sell during dips. During consolidation, it’s best to stay put and avoid unnecessary moves.
**About Technical Analysis**
Focus on support levels during an uptrend and resistance levels during a downtrend. These points are often key turning points. Going all-in on a single trade sounds exciting but carries huge risks. Being stubborn is a big taboo; markets change rapidly. Without stop-losses and flexible adjustments, you will eventually suffer losses.
**Last but not least — Mindset is Key**
Making money in the crypto world takes skill, but 90% depends on mindset. Greed and fear are the biggest enemies. Those who chase highs and sell lows often buy at high prices and sell at lows, repeatedly getting caught. Only with a calm mind can you see the situation clearly and steadily earn your rightful share.