After six years of trading cryptocurrencies, I discovered that my biggest enemy is myself.

When I first entered the market, I thought the hardest part of trading was technical analysis. Later, I realized that the hardest part is controlling myself.

Candlestick patterns can be learned, news can be followed, but greed and fear cannot be helped by anyone. $BTC

In one typical instance, I held a coin for three months with a floating profit of 50%. Someone in the group said it was going to pull back, and I panicked and sold everything. As a result, it continued to rise the next day, and I lost my composure and bought back at a high point. After a series of operations, not only did I lose my profits, but I also ended up in a deficit.

I later realized during my review: selling off is not scary; what’s scary is selling off and then chasing after the highs.

On another occasion, I heavily invested in a shitcoin, and it dropped by 30%. Logically, I should have cut my losses, but I was just not willing to accept it. I watched the market every day, and the more I watched, the more anxious I became; the more anxious I was, the harder it was to let go. Finally, I went from a 30% loss to an 80% loss before I admitted I was wrong. When I finally cut my losses, it actually felt relieving. $XRP

These experiences taught me one thing: whether you make money trading cryptocurrencies depends 80% on your mindset and only 20% on your skills.

When your mindset collapses, no matter how good your skills are, they are useless. When your mindset is stable, even if your operations are a bit clumsy, you won’t suffer a huge loss.

Now I have set three rules for myself:

1. Don’t chase after selling off; if you miss it, you miss it. The market will always have opportunities, but your capital is limited.

2. Don’t regret cutting losses; if you’re wrong, admit it. Holding on stubbornly will only lead to greater losses; cutting early leads to liberation.

3. Don’t look at your account, don’t stare at the market. Just take a glance before sleeping each night, whether it’s up or down, consider it as if you haven’t seen it.

It’s been six years; my skills haven’t improved much, but my mindset has been tempered. Looking back, the biggest gain isn’t how much money I made, but that I learned – in this market, those who can control themselves are the true winners. $BNB

Brother Shen only engages in real trading, no empty promises. There are still spots available in the current team, for those who want to learn methods and turn their situations around, come aboard and let’s do it together! #币圈暴富