When I first entered the crypto world, I was a typical technical believer. Staring at a dozen K-line charts every day, mastering indicators like MACD, RSI, and Bollinger Bands. My phone was filled with market apps, sometimes staying up until 3 or 4 a.m. with bloodshot eyes glued to the screen.



And then? I blew my account three times within half a year. The capital I painstakingly accumulated was almost gone.

The turning point came suddenly. I started abandoning those "smart" strategies and began doing the "foolish methods" that old-timers in the circle mocked. Miraculously, my account really came back to life. Today, I want to share these painful lessons in hopes that you won’t fall into the same traps I did.

**No predictions, just following the trend**

The biggest realization is—stop trying to predict the market. I used to spend a lot of energy studying what "shakeouts," "trap setups," or "consolidations" are, only to realize later that these are illusions that can only be understood in hindsight.

My current approach is ridiculously simple: buy when the price strongly breaks through recent highs, and cut losses immediately if it doesn’t meet expectations. I don’t chase the top or the bottom, only the thick middle part. Breakouts that meet these conditions have a much higher chance of subsequent gains. The best part is, I don’t need to trade every day; I often place one or two orders a week, and surprisingly, I perform better than those busy traders who are constantly in the market.

**Position size is the lifeline**

I used to be a lunatic who went all-in on every trade. After blowing my account several times, I finally understood that what truly determines life or death isn’t the choice of coins, but proper position management.
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MagicBeanvip
· 6h ago
Haha, isn't this my blood, sweat, and tears story? The all-in gamble part was truly epic.
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SchroedingerAirdropvip
· 6h ago
Haha, I've been through this too. Playing with technical indicators until it hurts your brain is useless. Staring at the market in the early hours can really drive you crazy. After a big loss, you can never regain that confidence. Simple and straightforward methods tend to last the longest, I truly believe in this. Position management is the chosen one, no doubt.
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GasWastervip
· 6h ago
Oh man, isn't this just my blood, sweat, and tears story? Staying up at 4 a.m. watching the market is really a foolish act. Bro, I've already started learning your clumsy methods. Stop-loss is easy to say but really hard to do. Going all-in feels great in the moment, but lying in the cremation chamber—position management is the eternal truth. Finally, I see someone explaining these pitfalls thoroughly. Their approach is much more practical than those big V influencers' theories. Honestly, without losing two or three times, you really can't understand this principle. I'm also someone who has been through it.
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GasBanditvip
· 7h ago
Winning two deals a week, this guy has really understood it.
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Blockblindvip
· 7h ago
This guy is totally right. I am the crazy person who keeps an eye on the market at 3 or 4 in the morning, and I am still paying off my debts. To be honest, the last point is the most painful. Position management is indeed the lifeline. I have gone all-in and blown up my account more than five times. As for market prediction, the more you try to make quick money, the faster you lose. Truly. Wait, are you still doing breakout trades now? How's the success rate? Can you share your criteria for choosing coins? I'm a bit interested in trying this simple method; it looks somewhat reliable. This is the so-called "Great simplicity," right? The simpler the thing, the easier it is to make money. I want to know what your current average monthly return rate is. If you operate with half your position or have completely stopped losses? One or two trades a week sounds easy, but not many can truly stick to it without greed.
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