Chasing high and getting trapped, liquidation cuts—I've never fallen for these traps. Over the years of hard work and experience, I’m sharing all my real insights today.
I still remember the day my account evaporated half a year's salary in one go, and I was completely stunned. Years ago, I rushed into the crypto space with the idea of "quickly getting rich," only to realize later that this place is not a cash machine; rather, it’s a training ground for mastering various gambler’s mentalities.
Getting caught at the peak while chasing the leading coins, holding sideways-moving coins and waiting foolishly for a rebound, almost being forced to liquidate with leverage... each of these lessons was paid for with real money.
If you want to survive longer in this market, or even earn some steady small profits, these ten rules below might help you avoid several years of detours.
**1. The pullback of leading coins is actually a signal to get on board**
I’ve seen too many people panic and sell at the first sign of a dip, but that’s often the wrong move. As long as the fundamentals of the leading coin in the sector are intact, a decline of 8 to 9 days could actually be a good low-entry point.
The key is to judge—whether this is a trend reversal or just a normal correction. If the coin’s fundamentals hold up and the sector is still in an upward trend, then the correction is an opportunity. My approach is to buy in stages, not all at once at a single price, spreading out the risk.
**2. After two consecutive days of rally, it’s time to take profits**
There’s an old rule in crypto: "A sharp rise always has a correction." No matter what coin it is, if it rises for two consecutive days, I start considering reducing my position and taking profits.
It’s not that the coin is dead, but the risk has already accumulated. Greed is one of the biggest killers in crypto. My habit is: after two days of continuous rise, I begin to take profits in turns, not waiting for a reversal.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
ConsensusDissenter
· 3h ago
A lesson learned the hard way with real money—this wave is full of valuable insights.
Speaking of which, buying the dip after falling for eight or nine days straight? Why do I always catch the flying knives?
It's easy to say take profits when the time is right, but greed is a disease that really can't be cured.
View OriginalReply0
GateUser-c799715c
· 3h ago
Haha, really, every lesson is blood-soaked. I've been through the same thing.
Speaking of which, I only just now understand why I ran after two consecutive days of rise. I used to think it could rally a few more times, but then it got crushed down.
The adjustment of leading coins can indeed scare people out, but your idea of entering in batches is correct. Going all-in at once is really asking for death.
View OriginalReply0
0xSunnyDay
· 3h ago
It's the same old story again, saying that 8 days of decline is a good entry point? Then why didn't I see a rebound after 15 days of continuous decline before?
View OriginalReply0
HypotheticalLiquidator
· 3h ago
A lesson learned with real money... I deeply understand the strategy of pulling out after two days of gains. How many times have I been proven wrong for holding on one more day?
Chasing high and getting trapped, liquidation cuts—I've never fallen for these traps. Over the years of hard work and experience, I’m sharing all my real insights today.
I still remember the day my account evaporated half a year's salary in one go, and I was completely stunned. Years ago, I rushed into the crypto space with the idea of "quickly getting rich," only to realize later that this place is not a cash machine; rather, it’s a training ground for mastering various gambler’s mentalities.
Getting caught at the peak while chasing the leading coins, holding sideways-moving coins and waiting foolishly for a rebound, almost being forced to liquidate with leverage... each of these lessons was paid for with real money.
If you want to survive longer in this market, or even earn some steady small profits, these ten rules below might help you avoid several years of detours.
**1. The pullback of leading coins is actually a signal to get on board**
I’ve seen too many people panic and sell at the first sign of a dip, but that’s often the wrong move. As long as the fundamentals of the leading coin in the sector are intact, a decline of 8 to 9 days could actually be a good low-entry point.
The key is to judge—whether this is a trend reversal or just a normal correction. If the coin’s fundamentals hold up and the sector is still in an upward trend, then the correction is an opportunity. My approach is to buy in stages, not all at once at a single price, spreading out the risk.
**2. After two consecutive days of rally, it’s time to take profits**
There’s an old rule in crypto: "A sharp rise always has a correction." No matter what coin it is, if it rises for two consecutive days, I start considering reducing my position and taking profits.
It’s not that the coin is dead, but the risk has already accumulated. Greed is one of the biggest killers in crypto. My habit is: after two days of continuous rise, I begin to take profits in turns, not waiting for a reversal.