Someone asked me, what kind of tricks can you really play with coins like RIVER? What about ZEC?
I initially wanted to give a nice answer. But then I thought, better to tell some real truths.
Looking at traders over the years, they can be roughly divided into three categories.
The first is those who truly make money—very few. These people have beautiful women, houses, free time, and have long since retired after achieving success. Trading no longer holds any meaning for them; they just glance at the market occasionally and move their fingers now and then.
The second category has made some achievements—their income is indeed better than a regular job, and they don’t need to look at their boss’s face, nor do they have to pretend in the office. But when you do the math carefully, their cycle returns are sometimes just so-so. At least, their lives are free from a lot of scheming and backstabbing.
The third and most heartbreaking category—accounts wiped out, even owing debts. Young and ambitious, full of dreams when trading, but ending up burdened with regret and unwillingness. I’ve seen too many stories like this.
Trading itself has no end point; it’s just an intersection in your life. How far you can go depends entirely on your understanding of the market, your discipline in execution, your accumulated skills, and the system you build during this period.
Most people exit because of human nature—arrogance, greed, fear, impatience—these things are full of pitfalls everywhere.
The most typical crash scene: a small position wins three or five times in a row, feeling great, then directly increasing the position. As a result, a big loss hits you, leaving you stunned, then you start to hold on stubbornly, doubling down to try to recover. And what happens in the end? The market wipes you out, and your account hits zero.
There’s also a slow death: first a few small losses, convincing yourself it’s no big deal, then gradually losing more and more. By the fifth or tenth time, you get anxious and go all-in, trying to turn things around in one shot. But still, you stubbornly hold on, and finally, you’re forced out.
This is what’s called a wind rising from the tip of a green duckweed. In trading, once human weaknesses are triggered, if you’re not careful, your principal can vanish in just a few days.
So what to do? Don’t try to completely eliminate human nature—that’s unrealistic. The most practical thing you can do is to put human nature in shackles.
How? By rules.
How do you divide your trading cycle? What are the conditions for judging the trend? When to enter, and how? Which signals will change your judgment? How large is each position? Where are your stop-loss and take-profit points? All of these are rules.
Traders who can survive in the market for over 10 years are earning money based on rules. They have fully understood: following the rules is the way to make money, breaking the rules will lead to losses. Many people make the fatal mistake—using rules to make money, but because of human fear and impatience, they lose money. This is called profit and loss coming from the same source; fundamentally, it’s a lack of rule enforcement.
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AlwaysQuestioning
· 01-07 03:48
Basically, it's that human nature is the hurdle that can't be overcome; no matter how awesome the rules are, they are useless.
View OriginalReply0
SandwichVictim
· 01-06 18:31
It's a hard truth, but it's really like that. I've seen too many dreamers lose everything in just three or five months; this hurdle of human nature is truly insurmountable.
View OriginalReply0
MetaMaskVictim
· 01-06 14:52
Honestly, reading this article is all about human nature; the type of currency doesn't really matter. RIVER and ZEC are the same.
View OriginalReply0
StillBuyingTheDip
· 01-06 14:51
That was really harsh, that part about the third category really hit home... I've seen too many dreamers end up as debtors in the end.
View OriginalReply0
MetadataExplorer
· 01-06 14:51
To be honest, that third paragraph really hit home for me. I've seen too many people go all-in and get wiped out in one wave, and I truly regret it.
View OriginalReply0
NervousFingers
· 01-06 14:46
To be honest, reading this was a bit of a wake-up call... I'm the kind of fool who gets cocky after winning a few rounds, then goes all-in and loses everything in one shot.
View OriginalReply0
MoodFollowsPrice
· 01-06 14:40
真的,看多了账户清零的故事,现在就看规则执行力咋样了,没别的。
Reply0
ShitcoinArbitrageur
· 01-06 14:33
It's really heartbreaking. I know quite a few people in the third category, but now they've all disappeared without a trace.
Someone asked me, what kind of tricks can you really play with coins like RIVER? What about ZEC?
I initially wanted to give a nice answer. But then I thought, better to tell some real truths.
Looking at traders over the years, they can be roughly divided into three categories.
The first is those who truly make money—very few. These people have beautiful women, houses, free time, and have long since retired after achieving success. Trading no longer holds any meaning for them; they just glance at the market occasionally and move their fingers now and then.
The second category has made some achievements—their income is indeed better than a regular job, and they don’t need to look at their boss’s face, nor do they have to pretend in the office. But when you do the math carefully, their cycle returns are sometimes just so-so. At least, their lives are free from a lot of scheming and backstabbing.
The third and most heartbreaking category—accounts wiped out, even owing debts. Young and ambitious, full of dreams when trading, but ending up burdened with regret and unwillingness. I’ve seen too many stories like this.
Trading itself has no end point; it’s just an intersection in your life. How far you can go depends entirely on your understanding of the market, your discipline in execution, your accumulated skills, and the system you build during this period.
Most people exit because of human nature—arrogance, greed, fear, impatience—these things are full of pitfalls everywhere.
The most typical crash scene: a small position wins three or five times in a row, feeling great, then directly increasing the position. As a result, a big loss hits you, leaving you stunned, then you start to hold on stubbornly, doubling down to try to recover. And what happens in the end? The market wipes you out, and your account hits zero.
There’s also a slow death: first a few small losses, convincing yourself it’s no big deal, then gradually losing more and more. By the fifth or tenth time, you get anxious and go all-in, trying to turn things around in one shot. But still, you stubbornly hold on, and finally, you’re forced out.
This is what’s called a wind rising from the tip of a green duckweed. In trading, once human weaknesses are triggered, if you’re not careful, your principal can vanish in just a few days.
So what to do? Don’t try to completely eliminate human nature—that’s unrealistic. The most practical thing you can do is to put human nature in shackles.
How? By rules.
How do you divide your trading cycle? What are the conditions for judging the trend? When to enter, and how? Which signals will change your judgment? How large is each position? Where are your stop-loss and take-profit points? All of these are rules.
Traders who can survive in the market for over 10 years are earning money based on rules. They have fully understood: following the rules is the way to make money, breaking the rules will lead to losses. Many people make the fatal mistake—using rules to make money, but because of human fear and impatience, they lose money. This is called profit and loss coming from the same source; fundamentally, it’s a lack of rule enforcement.
Never take this dead end.