Not long ago, I came across a certain 'big V' showcasing on-chain data, saying a certain mainstream coin 'fell through the floor, with a short position win rate of 90%'. I got a little carried away and opened a position on the mainstream platform, even patting my chest to my friend saying 'I’ll treat you to hotpot if we make money this time'. At that moment, I was looking at the K-line feeling quite pleased, thinking I had predicted the future, but the market acted like a mad bull who had drunk fake liquor, suddenly turning around and soaring after a drop.
I stared at the screen with my hands shaking, yet I still held onto the hope of 'just wait a little longer, it will definitely bounce back'. Looking back now, it’s really laughable; isn’t this just a gambler, who always thinks 'the next round will win it back'? Until the stop-loss line was brutally violated, and the numbers in my account jumped faster than my heartbeat, I finally realized: there’s no 'certainty' in trading, what you think is a sure win is actually a pie drawn by the greed in human nature.
Second, leverage specifically targets human weaknesses
Those who trade with leverage understand that this thing is like a magnifying glass, amplifying your small flaws to a level that can lead to liquidation. I've summarized three of the most dangerous traps; see if you've fallen into any of them:
The self-PUA of 'I can precisely escape the peak'
Always feeling like I can time my exit perfectly. Last time I opened a long position, I clearly set a 5% stop-loss, but when I saw the market rise a bit, I impulsively removed the stop-loss, thinking to myself 'I'll sell if it rises another 2%'. What happened? The market reversed and fell, and by the time I wanted to set the stop-loss again, my account was already in the red to a painful extent—don't overestimate your 'market control ability'; your little thoughts are like children playing house in front of the market.
The stubborn mentality of 'the market must be wrong this time'
Last month, when I saw a certain DeFi project drop below a key support level, I stubbornly thought 'the project team will definitely pump it, the market is mistaken this time'. Not only did I not set a stop-loss, but I also added to my position twice. As a result, the price dropped like it had a rocket attached, and in the end, there was only 'air' left in my position. I stared at the screen for ten minutes, only to realize: the market never makes mistakes; the mistake is your stubbornness in trying to contend with the market.
Late-stage procrastination of 'if I wait 5 more minutes, it will rebound'
The most fatal thing is this kind of hesitation! Last time, when the price was hovering around the stop-loss line, I told myself 'wait 5 more minutes, maybe it will rebound', but before the 5 minutes was up, my account went straight to 'zero'. The crypto market doesn’t give you 'rescue time'. It's like driving on the highway; you think you can brake in time, but you've already missed the best moment.
Third, these three 'life-saving military rules' I now stick on my screen every day
After suffering a huge loss, I spent a week organizing my trading rules, and now that I execute them, I haven't made the 'human nature mistake' again. You can try it too:
Before opening a position, 'weld' the stop-loss gate
Now, before I place an order, I first set the stop-loss and take a photo with my phone to store in my album—just afraid I'll change the stop-loss out of impulse! Remember: a stop-loss is not 'losing money'; it's putting a bulletproof vest on your principal. Protecting your principal is the only way to have a chance to turn things around next time.
During a volatile period, play 'bomb disposal' by reducing positions
Whenever the market fluctuates violently, I use the 'half position stop-loss method': if the stop-loss is triggered, I close half of the position first, and set a trailing stop for the rest. This way, I won't miss the rebound by closing everything, nor will I panic and lose sleep by holding a full position. It's like bomb disposal, very steady.
Before opening a position, write a 'risk will' first
Every time before opening a position, I must write down three questions on paper: ① If it drops, can I bear this loss? ② Where is the stop-loss point fixed, and if I change it, am I just a small dog? ③ If I really get liquidated, can I afford instant noodles next month? Writing it down isn't for tearing it up; it's to send a photo to my friend for supervision. Now my friend laughs at me as the 'elementary school student of trading', but at least I haven't lost big money again.
#加密市场回调 $ETH
