I met a fren who used to run a restaurant. During the off-season, he lost so much that he couldn't even pay the rent. When he was chatting with me, he seemed completely dazed: "It's not that I'm not trying hard, it's just that no matter how I struggle, I'm bleeding money, and I can barely hold on."
At that time, I didn't say any profound truths, just one sentence: "Don't think about turning the tables immediately; first, follow me to make a few trades and get the feel of it before we talk." He was probably in a state of desperation and hesitated for two days but still decided to give it a try.
How did it turn out? There isn’t really any legendary story, but for him, who was on the verge of being overwhelmed at that time, slowly regaining his account balance and stabilizing his emotions was enough. On the restaurant side, because of the adjustment in mindset, things started to go more smoothly, and he regained his spirit.
Recently, he casually made a profit of over 26,000 dollars, earning it without much effort and feeling at ease.
Many people lose money in the crypto space, and it's not because their skills are lacking, but because they don't understand what the funds behind the market are doing. There is no universal formula in the market, but the more you observe, the more you can grasp some insights:
The so-called "strong coins" that rise rapidly and have shallow pullbacks are mostly big funds digging pits. On the surface, they seem to be chaseable, but once you enter, you'll slowly be trapped in a downtrend; after a sharp drop, a small rebound may occur, but don't rush to catch the bottom. That is the last escape opportunity for those stuck at high positions, and if you take over, just wait to be buried.
The real top is never when there is sky-high volume, but rather when no one is willing to take over at high prices; the real bottom is also not when there is a sudden spike in volume, but when the price repeatedly grinds within a certain range, with the main force willing to hold their ground there. Sideways movements may seem boring, but they are actually filtering out traders—forcing those who are impatient to exit and allowing those who can stay calm to remain; sometimes a quick sell-off is not due to any major news, but rather an intentional creation of panic, pushing the chips back to an ideal position.
When others FOMO chase the highs, you must stay calm; when others fantasize about going all in for a comeback, you must understand that it's a way to hand over your head. The market always punishes those who are anxious and always rewards those who can understand the rhythm.
I can always make money with my fren, not because I can predict the future, but because I don't hesitate when it's time to act and I don't get greedy when it's time to stop—this is the difference. He was able to get out of trouble, but it was just that someone helped him at a critical moment, helping him get the rhythm right.
What about you? Are you still stubbornly bearing the losses? Are you still clinging to the thought that "the next round will definitely get back to break even" and keep grinding it out?
Market trends come and go every year, but not everyone can understand or seize them. A stable strategy, a smooth rhythm, and a calm mindset — what you lack is not the opportunity, but the person who can guide you to take each step steadily.
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ContractBugHunter
· 11-29 14:50
You are right, mindset is really the biggest enemy in trading, more important than any technical indicator. I have seen too many people start to panic after one or two losses, and as a result, they sink deeper and deeper. Your fren's operation is a typical case of "breaking before rebuilding"; first stabilize your mindset and then take action, that's the right way. Those guys who are in a hurry to go All in and turn things around are basically just giving chips to the market maker.
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pumpamentalist
· 11-29 14:50
Looking at this fren's story, it's actually all about mindset. Many people lose money not because of poor skills, but because they are anxious.
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TokenomicsTinfoilHat
· 11-29 14:48
The sense of rhythm is well grasped, and the mindset is indeed the key to making money... But is that friend still steady at 26,000 dollars? I've heard plenty of "recover losses" stories in the crypto world, but very few can actually hold on.
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NFTRegretter
· 11-29 14:28
To be honest, I've heard this "make money" narrative too many times, and the key is that most people end up getting played people for suckers. However, the story about my fren who came out of the restaurant dilemma does have some substance; adjusting your mindset can really change your fate.
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NotAFinancialAdvice
· 11-29 14:24
To put it simply, it's a mindset issue. Too many people are trapped and start to develop a gambler's mentality. If you ask me, it would be better to take a two-week break first to clear your mind.
I met a fren who used to run a restaurant. During the off-season, he lost so much that he couldn't even pay the rent. When he was chatting with me, he seemed completely dazed: "It's not that I'm not trying hard, it's just that no matter how I struggle, I'm bleeding money, and I can barely hold on."
At that time, I didn't say any profound truths, just one sentence: "Don't think about turning the tables immediately; first, follow me to make a few trades and get the feel of it before we talk." He was probably in a state of desperation and hesitated for two days but still decided to give it a try.
How did it turn out? There isn’t really any legendary story, but for him, who was on the verge of being overwhelmed at that time, slowly regaining his account balance and stabilizing his emotions was enough. On the restaurant side, because of the adjustment in mindset, things started to go more smoothly, and he regained his spirit.
Recently, he casually made a profit of over 26,000 dollars, earning it without much effort and feeling at ease.
Many people lose money in the crypto space, and it's not because their skills are lacking, but because they don't understand what the funds behind the market are doing. There is no universal formula in the market, but the more you observe, the more you can grasp some insights:
The so-called "strong coins" that rise rapidly and have shallow pullbacks are mostly big funds digging pits. On the surface, they seem to be chaseable, but once you enter, you'll slowly be trapped in a downtrend; after a sharp drop, a small rebound may occur, but don't rush to catch the bottom. That is the last escape opportunity for those stuck at high positions, and if you take over, just wait to be buried.
The real top is never when there is sky-high volume, but rather when no one is willing to take over at high prices; the real bottom is also not when there is a sudden spike in volume, but when the price repeatedly grinds within a certain range, with the main force willing to hold their ground there. Sideways movements may seem boring, but they are actually filtering out traders—forcing those who are impatient to exit and allowing those who can stay calm to remain; sometimes a quick sell-off is not due to any major news, but rather an intentional creation of panic, pushing the chips back to an ideal position.
When others FOMO chase the highs, you must stay calm; when others fantasize about going all in for a comeback, you must understand that it's a way to hand over your head. The market always punishes those who are anxious and always rewards those who can understand the rhythm.
I can always make money with my fren, not because I can predict the future, but because I don't hesitate when it's time to act and I don't get greedy when it's time to stop—this is the difference. He was able to get out of trouble, but it was just that someone helped him at a critical moment, helping him get the rhythm right.
What about you? Are you still stubbornly bearing the losses? Are you still clinging to the thought that "the next round will definitely get back to break even" and keep grinding it out?
Market trends come and go every year, but not everyone can understand or seize them. A stable strategy, a smooth rhythm, and a calm mindset — what you lack is not the opportunity, but the person who can guide you to take each step steadily.