Many people think they are losing money because their skills are not enough.
But to be honest, most losses come down to one word—greed.
It's not that you can't cut losses; it's that you can't bear to do so.
When prices drop, you want to wait for a rebound; when you're stuck, you want to wait to break even; when you make a profit, you want to take a little more. Every time you say "just a little longer," it ultimately turns into a bigger loss.
I used to be like this a few years ago, staring at the market until midnight, wanting to make moves whenever I saw fluctuations, my hands just wouldn't stop. After losing enough to wake up a bit, I started forcing myself to change.
I set a very strict rule for myself: If I don't understand the market, I don't touch it.
I'd rather sit on the sidelines than place random orders.
Slowly working through this, I actually became steadier.
My current habits are quite simple:
First, wait until the market is clear before making a move.
During the day, the news is too mixed; a lot of it is just false signals. I usually look at it again in the evening, and only decide to act when the trend is clear.
Second, there must be a basis before placing an order.
I won’t rush in based on a feeling anymore; there must be a structure and signals that match before I act. If I'm not sure, I just pretend I didn't see it.
Third, plan your stop loss in advance.
Before entering, I know where I need to exit if things go wrong, without making last-minute changes. If I can monitor the market, I'll adjust my protection according to the trend; if I can't, I'll set a solid bottom line.
Fourth, doing less is more important than doing more.
One or two trades a day are enough; it’s even okay not to trade at all. Many losses come from overtrading.
One more thing must be made clear: Don’t touch those random coins; they may look exciting due to their volatility, but they are just harvesting the inexperienced.
The hardest part of this market has never been judging direction, but controlling yourself.
As long as you make fewer mistakes, your account will naturally return to the right track.
Remember this: Winning isn't about making a lot of money; it's about not being eliminated.