Today I checked my Holdings account, and the Position for SUI with 480,000 USDT had unrealized gains of 41,000 in a single day. The numbers jumped on the screen, and suddenly a memory from last month flashed through my mind.
I have a friend who trades, and at that time his account only had 12,000 U left. Six months ago, he still had a principal of 50,000 U, but he lost a lot and was almost numb. During our chat, he said he was planning to quit, and I advised him not to rush to turn things around and to take a look at the MON asset — not many people were paying attention to it back then.
What was the result? In 22 days, the account went from 12,000 to 590,000.
It sounds mysterious, but it actually involves a few key actions: On November 25th, MON had a clear support level at 0.03911, and I entered at that time. When it rose to 0.08800, I took profits and exited; then I shorted at the resistance level of 0.08700, enduring a 20-day consolidation, before closing my position at 0.03000; after that, I saw a bottom signal near 0.03000 and went long, taking profits again at 0.04800.
It looks exciting to outsiders, but the logic is actually quite simple: only take action at verified key positions, take profits when it rises, and don’t be greedy for that last bit. When the trend changes, operate in the opposite direction, and don’t fall in love with your position.
Just like the SUI I have now, with a cost of 1.48U and now at 3.32U. It's not about luck, but rather having thoroughly researched the project ecosystem in advance, knowing it has potential, and then holding onto it.
The harshest aspect of this market is that your cognitive boundaries will ultimately be precisely reflected in your account balance.
If you are also going around in the market, frequently cutting losses and opening positions based on your feelings, it might be better to stop and think: should you continue to stumble in the fog, or spend time building your own trading framework?
Trading has never been about luck; it's about exchanging knowledge for profit. A person who stubbornly endures is likely to be worn down by the market. Only with a reliable network and supporting methodologies can one endure until the day of stable profits.
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Today I checked my Holdings account, and the Position for SUI with 480,000 USDT had unrealized gains of 41,000 in a single day. The numbers jumped on the screen, and suddenly a memory from last month flashed through my mind.
I have a friend who trades, and at that time his account only had 12,000 U left. Six months ago, he still had a principal of 50,000 U, but he lost a lot and was almost numb. During our chat, he said he was planning to quit, and I advised him not to rush to turn things around and to take a look at the MON asset — not many people were paying attention to it back then.
What was the result? In 22 days, the account went from 12,000 to 590,000.
It sounds mysterious, but it actually involves a few key actions: On November 25th, MON had a clear support level at 0.03911, and I entered at that time. When it rose to 0.08800, I took profits and exited; then I shorted at the resistance level of 0.08700, enduring a 20-day consolidation, before closing my position at 0.03000; after that, I saw a bottom signal near 0.03000 and went long, taking profits again at 0.04800.
It looks exciting to outsiders, but the logic is actually quite simple: only take action at verified key positions, take profits when it rises, and don’t be greedy for that last bit. When the trend changes, operate in the opposite direction, and don’t fall in love with your position.
Just like the SUI I have now, with a cost of 1.48U and now at 3.32U. It's not about luck, but rather having thoroughly researched the project ecosystem in advance, knowing it has potential, and then holding onto it.
The harshest aspect of this market is that your cognitive boundaries will ultimately be precisely reflected in your account balance.
If you are also going around in the market, frequently cutting losses and opening positions based on your feelings, it might be better to stop and think: should you continue to stumble in the fog, or spend time building your own trading framework?
Trading has never been about luck; it's about exchanging knowledge for profit. A person who stubbornly endures is likely to be worn down by the market. Only with a reliable network and supporting methodologies can one endure until the day of stable profits.