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Although the account has recently pulled back, to be honest, it's just profit-taking. The real trading secret is one thing—risk-reward management. When you're losing, keep the losses small; when you're winning, aim to maximize gains. When the market is sluggish, everyone is cutting losses, but when opportunity arises, some still get caught before dawn.
Traders who rely solely on technical indicators usually end up suffering a terrible defeat. What's the problem? Overly trusting candlestick charts. Candlestick patterns tell stories of the past; your current operations determine the future outcome. Using history to predict the future is fundamentally flawed.
Compared to the stock market's game of big players and retail investors, the crypto market is the same. I've seen a continuous 42-unit rally; once that happens, you understand what it means to go with the trend. When following the trend, even if you make a mistake once, you only lose one unit. But doubling down against the trend? That loss grows exponentially.
Starting with a thousand dollars and turning it into tens of thousands, many people achieve tenfold or more returns with a single account and still feel it's not enough, so they open a second account. If one account can multiply returns ten times, why not do it multiple times? The key isn't some advanced technique but a single skill—picking the right targets.
Candlestick charts can deceive you, but volume won't. Technical patterns can be faked, but the relationship between price and volume reflects the real battle for funds. The logic of chasing a rally is the same as chasing a decline; it's all about the core principle here.
Let's encourage each other: never forget your original intention. Living long and earning steadily in this market is true success.