Many people often say that making money in short-term trading is difficult. In fact, many times it's not the market that's hard, but rather one's own impatience.
I have a friend who entered the market at the beginning of the year with 5000U.
In three weeks, his account once reached 100,000U.
Many people's first reaction is definitely: insider information? All in? A novice?
None of that.
He uses a particularly old-fashioned method, which I call the "Turtle Strategy." It sounds slow, but it's actually very stable.
The first thing is that he never goes all in right away.
He uses only 20% of his position to test the waters, about 1000U, using a small leverage to gauge the direction.
If the market moves in the right direction, he gradually increases his position, and he does it with great restraint.
For example, if he makes 1500U, he only uses 500U of that to increase his position, and he also lowers the leverage.
Many people do the opposite.
They go all in right from the start, and when the market turns, they exit immediately.
The second thing is that he is very patient.
Last month, BTC consolidated for two weeks, and people in the market were basically entering and exiting every day.
They paid a lot in transaction fees, but their accounts kept getting smaller.
He didn't make a single trade in those two weeks.
He only took action when the price broke through a critical level.
He once said something I think is quite right:
The truly profitable trades happen only a few times a year.
The third habit is also crucial: leaving a way out for oneself.
He pays special attention to the distance to liquidation.
For example, when the market is around 84000, he keeps the safety margin very far away, preferring to earn a little less than to be stuck in a dangerous position.
Many people use a few times leverage and happen to be on support, and with one spike, their account is wiped out.
The last point, which is also the hardest for many people to achieve:
Take the profits when you make them.
When his capital doubles, he directly withdraws half.
Later, when his account reached 100,000, he simply withdrew 80,000, leaving 20,000 to continue trading.
He said it very plainly:
The numbers in the account don’t count as money.
Only what can go into the bank account counts.
In summary, it comes down to a few simple statements:
Don't go all in right away.
Don't trade recklessly every day.
Leave a safety margin in your position.
Take some profits when you make money.
It all sounds very simple, but very few can actually do it.
Many people in the crypto world are like hunting dogs, chasing everything around.
But sometimes, the turtle actually goes further.
No one knows when the bull market will come, but opportunities will definitely come again.
The key is whether you can survive before the opportunity arrives.