If you want to make money in the crypto world, the biggest enemies are actually two words: greed.
Many people fail not because they don't understand stop-loss, but because they can't shake that little bit of luck in their hearts. Losing money and trying to hold on, hoping for a rebound after a drop, talking about discipline but willing to gamble, watching unrealized losses deepen and brainwashing themselves to say "wait a little longer." That’s not patience, that’s greed killing you.
I’ve also experienced nights glued to the screen, chasing gains and cutting losses, losing more than I do at work. Later, I used the simplest method to stabilize: only trade signals I’ve thoroughly understood, ignoring everything else even if it looks tempting.
Here are a few insights I bought with real money:
**First: Choosing the right trading time is crucial** During the day, information overload causes the market to surge or plummet rapidly, making it hard to see the direction clearly. After night falls, market participants are more rational, trends become clearer, and technical signals are easier to confirm. Placing orders after 9 PM often has a higher success rate.
**Second: No feelings in the face of data** Feelings are the best liar in the market. Before each operation, focus on these three indicators: whether MACD shows a golden cross or death cross, whether RSI is in overbought or oversold territory, and whether Bollinger Bands are contracting or expanding. When at least two of these signals agree, it’s worth considering opening a position.
**Third: Stop-loss should be active** While watching the market, move your stop-loss up with each upward wave to lock in profits. If you can’t watch in real-time, set a hard stop-loss (for example, close immediately if it drops 3%) to avoid black swan events.
**Fourth: How to read candlesticks** For short-term trading, wait until the 1-hour chart shows two consecutive candles in the same direction before following the trend; when no clear direction is visible, upgrade to the 4-hour chart, and only consider action near support and resistance levels.
**Fifth: Stay away from emotional coins’ traps** Hot coins like DOGE and SHIB can double wildly when rising but can also be cut in half when falling. They seem like opportunities but are actually chips in the hands of market makers.
Finally, it’s worth saying: in the crypto world, abandoning illusions is more important than admitting losses. Greed once can wipe out a month’s gains; a stop-loss can often preserve long-term results. Truly long-lasting traders are not those who make the biggest single profits, but those with the least overall losses who can stay at the table.
The market never closes, opportunities are every day, and maintaining a steady rhythm is more important than anything else.
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GasFeePhobia
· 01-04 14:10
That's right, I'm the kind of fool who stays up all night watching the market and holding onto positions until the black swan liquidates me, only then realizing what greed really means. Now, sticking to the stop-loss line is more effective than anything else.
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TooScaredToSell
· 01-04 14:08
That's quite right, but executing it really feels like hell mode, especially when watching the unrealized losses, your mind just can't think clearly.
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GasWaster
· 01-04 14:08
That's right, greed is the most deadly thing. I used to be the same; I only realized after losing everything in a single blow.
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SchrodingersFOMO
· 01-04 14:05
That's right, but I still can't help but chase the rally... Sad
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Trying the trick of placing orders at 9 PM; looking at K-line during the day just makes me dizzy
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Set stop loss at 3%? Why do I always think I can wait for a rebound
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I've really been cut by DOGE before; now I avoid emotional coins
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Does anyone else know these principles but still can't do them?
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Feels like this article is talking about me, it's a real punch to the heart
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The most ruthless phrase is "only trade signals you understand"; my problem is that I want to trade everything
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Greed is indeed the biggest enemy, more deadly than technical analysis
View OriginalReply0
GweiWatcher
· 01-04 13:58
That's so true. I'm the kind of person who gets stuck with "wait a little longer," and now I only dare to act after 9 PM. It definitely feels much more stable.
View OriginalReply0
Layer2Arbitrageur
· 01-04 13:47
lmao the "hold and hope" strategy is just a gas-inefficient approach to losing money. honestly if you're not calculating your MEV exposure and exit liquidity before hitting send, you're basically paying slippage tax on your own delusion. position sizing is optimization—treat it like calldata compression, not vibes.
If you want to make money in the crypto world, the biggest enemies are actually two words: greed.
Many people fail not because they don't understand stop-loss, but because they can't shake that little bit of luck in their hearts. Losing money and trying to hold on, hoping for a rebound after a drop, talking about discipline but willing to gamble, watching unrealized losses deepen and brainwashing themselves to say "wait a little longer." That’s not patience, that’s greed killing you.
I’ve also experienced nights glued to the screen, chasing gains and cutting losses, losing more than I do at work. Later, I used the simplest method to stabilize: only trade signals I’ve thoroughly understood, ignoring everything else even if it looks tempting.
Here are a few insights I bought with real money:
**First: Choosing the right trading time is crucial**
During the day, information overload causes the market to surge or plummet rapidly, making it hard to see the direction clearly. After night falls, market participants are more rational, trends become clearer, and technical signals are easier to confirm. Placing orders after 9 PM often has a higher success rate.
**Second: No feelings in the face of data**
Feelings are the best liar in the market. Before each operation, focus on these three indicators: whether MACD shows a golden cross or death cross, whether RSI is in overbought or oversold territory, and whether Bollinger Bands are contracting or expanding. When at least two of these signals agree, it’s worth considering opening a position.
**Third: Stop-loss should be active**
While watching the market, move your stop-loss up with each upward wave to lock in profits. If you can’t watch in real-time, set a hard stop-loss (for example, close immediately if it drops 3%) to avoid black swan events.
**Fourth: How to read candlesticks**
For short-term trading, wait until the 1-hour chart shows two consecutive candles in the same direction before following the trend; when no clear direction is visible, upgrade to the 4-hour chart, and only consider action near support and resistance levels.
**Fifth: Stay away from emotional coins’ traps**
Hot coins like DOGE and SHIB can double wildly when rising but can also be cut in half when falling. They seem like opportunities but are actually chips in the hands of market makers.
Finally, it’s worth saying: in the crypto world, abandoning illusions is more important than admitting losses. Greed once can wipe out a month’s gains; a stop-loss can often preserve long-term results. Truly long-lasting traders are not those who make the biggest single profits, but those with the least overall losses who can stay at the table.
The market never closes, opportunities are every day, and maintaining a steady rhythm is more important than anything else.